Strong Surge in Gold-Silver Prices During Festive Season, New Highs Reached

Today, gold and silver prices made a significant leap in the bullion market. The price of gold increased by several thousand in a single day, and a record surge was also seen in silver. As a result, both metals have broken their previous all-time highs.

Excluding GST, the price of gold has surpassed 1.40 lakh per tola, while the price of silver has reached around 2.57 lakh per kilogram. Including taxes, the prices have become even more expensive for consumers. An increase has also been recorded in the prices of 24 carat, 23, 22, 18, and 14 carat gold. The prices of all types of gold appear to have increased today.

In the international market, the rise in gold and silver prices, global tensions, the weakness of the dollar, and the possibility of interest rate cuts are leading investors to turn to safe options. Additionally, the increasing use of silver in solar energy and electric vehicles is also supporting the price of silver. Meanwhile, these rates have been announced by the India Bullion Jewelers Association and do not include GST and making charges.