Gold and Silver Prices Surge Sharply Across the Country

Gold and silver prices in India witnessed a sharp surge over the past week. The price of pure gold increased by nearly ₹15,000, while silver prices rose by around ₹40,000. Rising geopolitical uncertainties driven by the foreign policy stance of former US President Donald Trump, along with large-scale gold purchases by central banks worldwide, have significantly boosted demand for both gold and silver. Market experts believe that prices are likely to continue their upward trend this week as well.

According to the Good Returns website, as of 6:00 AM on Monday, the price of 24-carat gold (10 grams) in Hyderabad stood at ₹1,60,250. The price of 22-carat ornamental gold was recorded at ₹1,46,890. Meanwhile, silver prices remained firm at ₹3,64,900 per kilogram. Similar rates are prevailing across major cities in the Telugu states.

In the international market, pure gold prices have crossed the $5,000 mark for the first time. Currently, gold is trading at $5,065 per ounce (31.10 grams), while silver prices have surged to a record high of $107 per ounce. Experts attribute this rally to a weakening US dollar and continued market uncertainty, indicating that gold and silver prices may rise further in the coming days.

Note: Gold and silver prices fluctuate frequently. Buyers are advised to check the latest rates before making any purchase.