Gold prices in India surged by ₹3,000 to reach ₹1.47 lakh per 10 grams on Thursday, marking a decisive rebound from recent lows.
The sharp recovery was fueled by a weakening US dollar and supportive trends in international markets, which together revived demand for the precious metal among local traders.
The move halted a two-day decline that had weighed on bullion prices, suggesting that value buying is returning to the market after a period of selling pressure.
Silver also posted gains in the session, tracking the broader recovery in precious metals as investors sought safe-haven assets amid currency fluctuations.
This rebound follows a modest recovery earlier in the week, when gold futures had risen ₹405 to ₹1.41 lakh per 10 grams on value buying.
The current jump indicates that the initial stabilization has evolved into a more robust recovery, driven by the interplay between local demand and global currency dynamics.