Gold and Silver Prices Surge Again; Further Rise Expected
Gold prices witnessed fluctuations the day before yesterday, declining in the morning and recovering slightly by evening. The price of gold jewellery fell by ₹60 per gram in the morning but later rose by ₹80 in the evening, closing at ₹12,600 per gram. As a result, one sovereign of gold increased by ₹640 and was sold at ₹1,00,800.
Silver prices also edged up, with an increase of ₹1 per gram to ₹257. Accordingly, one kilogram of silver rose by ₹1,000 to ₹2,57,000.
In continuation of this trend, gold prices increased further today. The price of one sovereign of gold rose by ₹640 to ₹1,01,440, while gold jewellery gained ₹80 per gram and is now selling at ₹12,680 per gram.
Silver prices saw a sharper rise today, increasing by ₹8 per gram to ₹265. Consequently, one kilogram of silver jumped by ₹8,000 and is now priced at ₹2,65,000.
Market sources indicate that gold prices may continue to rise in the coming days due to the impact of US sanctions against Venezuela.
