Gold rate today: Prices rebound Rs 800 in Delhi to Rs 1.14 lakh per 10g; silver up Rs 500

Gold rate today: Gold prices bounced back in the national capital on Friday, rising by Rs 800 to Rs 1,14,000 per 10 grams, driven by strong global cues amid escalating geopolitical tensions and renewed trade frictions between the US and China.

The yellow metal of 99.9 per cent purity had closed at Rs 1,13,200 per 10 grams on Thursday, according to the All India Sarafa Association.In the local market, gold of 99.5 per cent purity also gained Rs 700 to Rs 1,13,500 per 10 grams (inclusive of all taxes), compared to Rs 1,12,800 in the previous trade, PTI reported."Gold traded positive in the last trading session of the week, with the overall sentiment for precious metals remaining bullish.

This optimism is driven by several bullish factors, including strong inflows into exchange-traded funds this year, and central banks actively purchasing gold. Meanwhile, expectations for additional interest rate cuts by the US Federal Reserve (Fed) before the end of 2025, and a persistent demand for safe investments due to ongoing geopolitical tensions and trade-related issues," said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities.

Silver also extended gains for the second consecutive day, climbing Rs 500 to Rs 1,32,000 per kilogram (inclusive of all taxes). The white metal had ended at Rs 1,31,500 per kg on Thursday.Traders said safe-haven demand remained strong amid global uncertainties, though a firm dollar capped further upside for the yellow metal.Globally, spot gold was up 0.18 per cent at $3,651.18 per ounce, while spot silver gained nearly 1 per cent to $42.16 per ounce."Gold prices continue to hold firm, with focus now shifting to next week's key US macroeconomic data, including GDP, manufacturing & services PMI, and PCE Price Index -- which will guide further trend," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.Renisha Chainani, Head of Research at Augmont, said gold and silver prices had earlier come under pressure after the US Fed cut interest rates this week but signalled caution on the pace of future easing amid persistent inflation concerns. "The rate cut was in response to a weakening labour market in the US," she added.