New Delhi, July 25: Global instability has led to a significant rise in gold and silver prices this week, with gold increasing by over ₹2,000 and silver by more than ₹6,000. According to the India Bullion Jewellers Association (IBJA), the price of 24-carat gold has risen by ₹2,622 to reach ₹1,43,781 per 10 grams, up from ₹1,41,159 per 10 grams previously.
The price of 22-carat gold has also seen an increase, now standing at ₹1,31,703 per 10 grams, compared to ₹1,29,302 per 10 grams earlier. Meanwhile, 18-carat gold is priced at ₹1,07,836 per 10 grams, up from ₹1,05,869 per 10 grams.
This week, the lowest price for gold was recorded at ₹1,41,915 per 10 grams during the morning session on July 20, while the highest price reached ₹1,45,557 per 10 grams on July 23.
Silver prices have also surged, now at ₹2,22,721 per kilogram, an increase of ₹6,974 from ₹2,15,474 per kilogram. The highest price for silver this week was ₹2,26,238 per kilogram on July 22, while the lowest was ₹2,19,556 per kilogram on July 24.
The IBJA releases gold and silver prices twice daily, in the morning and evening sessions. Internationally, gold is priced at approximately $4,055 per ounce, while silver is around $58 per ounce.
Experts attribute the rise in gold and silver prices to increasing global instability, particularly following the U.S.-Iran conflict. They further noted that the upcoming decision on interest rates by the U.S. Federal Reserve will likely influence gold prices in the coming week.
My name is Kuldeep Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.