Gold price jumps nearly ₹4,000 this week, silver soars past ₹1.23 lakh
Hyderabad: Gold price in India gave investors a fresh boost this week as bullion extended its steady climb. Both gold and silver gained momentum, reflecting strong demand and global cues.
According to IBJA, the gold price rose from ₹1,02,388 per 10 grams on August 30 to ₹1,06,338 on September 6, a weekly gain of ₹3,950. Silver also advanced, adding ₹5,598 in the same period and reaching ₹1,23,170 per kg.
In Hyderabad, the local gold reflected the national trend. Jewellers quoted 24-carat gold at ₹1,07,630 per 10 grams and 22-carat at ₹98,660.
Gold surge this year adds sparkle to bullion market
Since December 31, 2024, the price of gold has increased by ₹30,176, or 40%. Silver posted an even sharper rise of ₹37,153, or 43%. Analysts link the surge to safe-haven demand, central bank buying, and currency weakness across several economies.
Traders added that bullion’s resilience continues to draw investors, especially during economic uncertainty. While fluctuations may occur in the short term, many expect long-term strength in both gold and silver.
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