Gold, Silver Rate Today Live Updates: Gold, silver prices continue to climb after worst crash in over 40 years; what’s the outlook?

The weakening of the dollar made bullion, which is priced in the greenback, more affordable for investors using other currencies.

“For weeks, gold has been treated as a liquidity asset sold to cover volatility and margin calls elsewhere, but at current levels, it is now looking more like a value proposition for investors, which is why it’s back in favour today,” said Tim Waterer, chief market analyst at KCM Trade.

“However, hawkish central banks wary of persistent oil-driven inflation, continue to act as a heavy lid on gold’s ambitions to the upside, keeping any rally firmly in check.”