Gold and Silver Prices Soar as Global Market Pushes Rates Higher
Gold prices have reached a new all-time high, with the cost of 10 grams of fine gold surpassing ₹98,000. In Delhi, gold prices surged by ₹1,650 in a single day, hitting ₹98,100. At 4:30 PM, the price of 10 grams of gold in the Hyderabad bullion market reached ₹97,700.
Silver prices have also recorded a significant increase. The price of one kilogram of silver rose by ₹1,900, reaching ₹99,400. On Tuesday, silver closed at ₹97,500 per kilogram.
In the international market, the price of gold per ounce climbed to $3,318. According to estimates by Goldman Sachs, gold prices may rise to ₹1.25 lakh by the end of this year. Factors such as the trade war and tariffs imposed by Donald Trump are contributing to the steep increase in gold prices.