Festive demand not sole reason for gold, silver surge: Analyst
SEBI research analyst Sumesh Guleria urged retail investors to look beyond festive jewellery demand as gold hit ₹10,255/gm and silver hit ₹117/gm. Central bank buying, inflation fears, and industrial demand-especially from EVs and solar-are the real price drivers, he said. Only 50% of gold and 22% of silver demand comes from jewellery, he added.