New Delhi: The Indian bullion market is currently witnessing a phase of significant volatility in gold and silver prices. This has cast a pall of disappointment over customers. According to the website ‘Good Returns,’ gold prices have recorded an increase of ₹5,000 to ₹6,000 per 10 grams, driven by the impact of local demand amidst global market trends. Meanwhile, silver rates have seen a substantial surge of ₹20,000 per kilogram.
On Thursday, the market is observing an upward trend in gold prices. The rate for 22-carat gold is hovering around ₹135,440 per 10 grams. On the previous day—Wednesday—it was recorded at ₹129,690 per 10 grams. Thus, there has been an increase of ₹5,750 per 10 grams within a single day. In the market, 22-carat gold is currently trading at ₹13,544 per gram.
Gold Prices in Rajasthan
The rise in 24-carat gold rates across the country’s bullion markets has disrupted customers’ budgets. Today, the price of 24-carat gold has reached ₹142,210 per10 grams. In comparison, the rate was recorded at ₹136,170 per 10 grams on the previous day. This marks a robust increase of ₹6,040 per 10 grams over the past 24 hours.
Check the Latest Silver Prices
The Indian bullion market has witnessed a massive surge in silver rates. The price of 1 kilogram of silver stands at ₹260,000 today, whereas yesterday it was trading at ₹240,000 per kilogram. Consequently, within a span of just 24 hours, silver prices have recorded a whopping increase of ₹20,000 per kilogram. This surge is attributed to strong global demand for gold and silver, a weakening US dollar, and prevailing global uncertainties. On the domestic front, preparations for upcoming festivals, the ongoing wedding season, and a growing investor preference for safe-haven assets have also bolstered prices.
Meanwhile, prices are being recorded at nearly identical levels across all major cities in the state, including the capital, Jaipur, as well as Jodhpur and Udaipur. Since early this morning, a significant rush of buyers has been observed in gold jewellery stores and the silver market. According to experts, if positive global signals persist, further price volatility could be witnessed in the coming days.