Gold, silver gain as attack boosts metals' haven status

Gold prices in Mumbai rose by over 1% as the volatile situation in West Asia increased uncertainty in global markets. The fears of inflation spiking have led to increased demand for gold, which is considered a safe haven asset. Silver prices also saw a rise due to its characteristics as a precious metal and industrial use.

Oct 10, 2023 - 04:30
Gold, silver gain as attack boosts metals' haven status
Gold prices in Mumbai rose by over 1% as the volatile situation in West Asia increased uncertainty in global markets. The fears of inflation spiking have led to increased demand for gold, which is considered a safe haven asset. Silver prices also saw a rise due to its characteristics as a precious metal and industrial use.