Commodity markets are in chaos just before the festival time. Prices of precious metals and industrial metals have surged together. With the extension of the bond buyback scheme of the US Treasury Department, the dollar index fell to 98. All metals in the international market are priced in dollars. A fall in the value of the dollar has increased demand for metals, which in turn has an impact on prices. Prices are going up so fast that the cost of all commodities will soon go up.

According to the All India Association, prices of gold have risen to a five-month high of ₹1.64 lakh per 10 grams in Delhi because of the rise in the demand for safe-haven metal. Gold of 99.9 percent purity has gone up by ₹900 to ₹164,400 per 10 grams compared to last week's closing price of ₹163,500 per 10 grams.

Price of gold reached a peak of $4,729.70 per ounce in the international market on Monday. In the domestic market, price of MCX gold climbed by 1.43 percent to ₹164,758 per 10 grams. Price of silver continued its rise for the third consecutive trading session. On Monday, it rose ₹3,500 to a four-month high of ₹253,500 per kilogram. Price of silver reached a peak of $69.66 per ounce on Comex.

In the past two months, copper has risen 9.68%, aluminum 4.88%, and zinc 15.48%. In the past year, copper has risen 54.74%, aluminum 38.45%, lead 9.24%, and zinc 55.46%.

Prithvi Finmart's Research Head Manoj Kumar Jain said that gold rose in the domestic markets on Monday on the back of strong safe-haven demand amid a weak US dollar and renewed tensions between the US and Iran, while silver also remained at higher levels. Jain said that the future movement of gold and silver will now depend more on inflation data.

What's the future outlook? According to Ankit Kapoor, founder of Commodity News, the gold trend is completely positive. Gold could reach levels of ₹1,85,000 to ₹2,05,000 in the next year and a half. Silver could also reach levels of ₹2,65,000 to ₹2,68,000 per kilogram. Investors can buy ETFs gradually in installments rather than in lump sum.

Copper, zinc, aluminum, lead, and nickel are industrial raw materials. A rise in their prices will directly increase the cost of everyday items. Fans, air conditioners, refrigerators, televisions, washing machines, mixers, and household electrical wiring use significant amounts of copper and aluminum. This increase in their prices will increase the costs of power companies, which they will then pass on to consumers. Vehicle on-road prices may also increase, and home construction budgets will also increase. Ultimately, overall retail inflation will rise, impacting the budget of ordinary people.

Commodity markets are in chaos just before the festival time. Prices of precious metals and industrial metals have surged together. With the extension of the bond buyback scheme of the US Treasury Department, the dollar index fell to 98. All metals in the international market are priced in dollars. A fall in the value of the dollar has increased demand for metals, which in turn has an impact on prices. Prices are going up so fast that the cost of all commodities will soon go up.

According to the All India Association, prices of gold have risen to a five-month high of ₹1.64 lakh per 10 grams in Delhi because of the rise in the demand for safe-haven metal. Gold of 99.9 percent purity has gone up by ₹900 to ₹164,400 per 10 grams compared to last week's closing price of ₹163,500 per 10 grams.

Price of gold reached a peak of $4,729.70 per ounce in the international market on Monday. In the domestic market, price of MCX gold climbed by 1.43 percent to ₹164,758 per 10 grams. Price of silver continued its rise for the third consecutive trading session. On Monday, it rose ₹3,500 to a four-month high of ₹253,500 per kilogram. Price of silver reached a peak of $69.66 per ounce on Comex.

In the past two months, copper has risen 9.68%, aluminum 4.88%, and zinc 15.48%. In the past year, copper has risen 54.74%, aluminum 38.45%, lead 9.24%, and zinc 55.46%.

Prithvi Finmart's Research Head Manoj Kumar Jain said that gold rose in the domestic markets on Monday on the back of strong safe-haven demand amid a weak US dollar and renewed tensions between the US and Iran, while silver also remained at higher levels. Jain said that the future movement of gold and silver will now depend more on inflation data.

What's the future outlook? According to Ankit Kapoor, founder of Commodity News, the gold trend is completely positive. Gold could reach levels of ₹1,85,000 to ₹2,05,000 in the next year and a half. Silver could also reach levels of ₹2,65,000 to ₹2,68,000 per kilogram. Investors can buy ETFs gradually in installments rather than in lump sum.

Copper, zinc, aluminum, lead, and nickel are industrial raw materials. A rise in their prices will directly increase the cost of everyday items. Fans, air conditioners, refrigerators, televisions, washing machines, mixers, and household electrical wiring use significant amounts of copper and aluminum. This increase in their prices will increase the costs of power companies, which they will then pass on to consumers. Vehicle on-road prices may also increase, and home construction budgets will also increase. Ultimately, overall retail inflation will rise, impacting the budget of ordinary people.