Gold and silver prices recorded a sharp rise after several days of decline, bringing relief to traders and investors.
The price of 24-carat gold increased by Rs 6,660 per 10 grams, reaching Rs 1,60,530. Similarly, 22-carat gold rose by Rs 6,050 per 10 grams, now standing at Rs 1,47,150.
Silver also witnessed a significant surge. The price per kilogram climbed by Rs 20,000, taking the new rate to Rs 3,20,000.
The sudden rise in gold and silver prices follows a period of consistent decline. Market experts believe global demand, currency fluctuations, and investor sentiment contributed to the rebound. Jewellers and bullion traders expect strong buying interest in the coming weeks, especially with the wedding season approaching in India.
Gold continues to remain a preferred investment option for households, while silver’s industrial demand adds further momentum to its price movement. Analysts suggest monitoring international trends closely, as they directly influence domestic bullion markets.
The latest surge highlights the volatility of precious metals, reminding investors of the importance of timing and market awareness.
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