Gold Gains ₹4,000 in a Week, Silver Soars Past ₹1.23 Lakh per Kg

Gold and silver prices surged sharply this week, as global uncertainty pushed investors toward safer assets. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose to ₹1,06,338 per 10 grams, up ₹3,950 from ₹1,02,388 last week. Other variants also saw gains, with 22-carat gold reaching ₹97,406 and 18-carat gold moving up to ₹79,754 per 10 grams.

Silver too showed strong momentum, jumping by ₹5,598 to settle at ₹1,23,170 per kilogram. This rise, from last week’s ₹1,17,572, highlights the strong demand for precious metals amid ongoing market volatility.

One of the key drivers behind this rally is renewed global tension, particularly after U.S. President Donald Trump announced tariffs on multiple countries. This has increased financial market instability, prompting many investors to turn to traditional safe-haven assets like gold and silver. Additionally, tight supply conditions have helped support the price surge.

Since the beginning of the year, gold and silver have posted remarkable gains. The price of 24-carat gold has climbed from ₹76,162 to ₹1,06,338 per 10 grams — a jump of ₹30,176 or nearly 40%. Meanwhile, silver has surged from ₹86,017 to ₹1,23,170 per kilogram, up by ₹37,153 or over 43%.

With global uncertainties showing no sign of easing and central bank policies remaining under scrutiny, precious metals are expected to stay in demand. Analysts suggest keeping a close eye on upcoming economic developments, especially decisions by the U.S. Federal Reserve, which could influence the next move in gold and silver prices.