Precious Metals: Volatility Likely To Persist In The Near Term


Ongoing concerns around global trade, tariffs, and the direction of US interest rates kept sentiment mixed across bullion markets.


Gaurav Garg, 

Research Analyst 

Lemonn Markets Desk.

Mumbai, 24 February 2026: Gold and silver prices remained range-bound on February 24 as investors turned cautious after recent sharp moves. Gold saw mild profit-booking at higher levels, while silver traded sideways, reflecting uncertainty in global cues. Ongoing concerns around global trade, tariffs, and the direction of US interest rates kept sentiment mixed across bullion markets.

A firmer US dollar also limited upside, even as safe-haven demand stayed intact in pockets. Domestic prices continue to consolidate near recent highs, suggesting the market is taking a breather rather than reversing trend. Overall, precious metals appear to be in a pause-and-watch phase, with volatility likely to persist in the near term.

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