Archive · 6 Jun 2025
Gold Prices Rise on Safe-Haven Demand Amid Economic Concerns
Gold prices increased on Friday because investors are worried about the economy.
Gold is seen as a safe investment when things are uncertain.
Prices rose globally and in India.
The US is having some economic trouble, and people are watching for news about jobs.
Experts think that if the jobs data is not good, the price of gold could go up even more.
Silver also increased significantly this week, with its price reaching its highest point since 2012.
Gold prices increased on Friday, driven by safe-haven demand.
24-karat gold traded at ₹99,600 per 10 grams in India.
Spot gold rose 0.5% to $3,368.49 an ounce globally.
Analysts are cautious and await US nonfarm payroll (NFP) report.
Silver prices have significantly increased this week.
- Who
- Investors and analysts
- What
- Gold price increase
- When
- Friday, June 6
- Where
- Global markets and India
- Why
- Safe-haven demand amid economic concerns and anticipation of US jobs data.
- 24-Karat Gold Price (India)
- ₹99,600 per 10 grams
- Spot Gold Price (03:40 GMT)
- $3,368.49 an ounce
- Silver Price (India)
- ₹10,58,500 per kg
- US Gold Futures
- $3,391.40 an ounce
- Silver Price
- $36 per ounce
Sources
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