New Delhi Gold and silver prices have reached all-time highs in international and domestic markets. The continuous rise in prices has drawn the attention of investors, jewelry traders, and general consumers. Amid global economic uncertainty, geopolitical tensions, and fluctuations in the dollar, demand for precious metals as a safe investment option has increased sharply.
Gold and silver prices reached an all-time high today. According to the India Bullion and Jewellers Association (IBJA), gold has increased by 1,805 rupees to 133,584 rupees per 10 grams. Previously, it was at 131,779 rupees.
Meanwhile, the price of 1 kilogram of silver has increased by 7,483 rupees to reach 207,550 rupees. Previously, it was at 200,067 rupees. So far this year, gold has become more expensive by 57,422 rupees and silver by 121,533 rupees.
According to market experts, the direct impact of inflationary pressures and central bank policies has been felt on gold and silver prices. Central banks of many countries are purchasing gold on a large scale, which has driven its price to new highs in the international market. Meanwhile, silver prices are also seeing a sharp surge due to both industrial demand and investment reasons.
The effect is clearly visible in the domestic market as well. Due to the weakness of the rupee and increased import costs, gold and silver prices have reached record levels. Rising prices in the jewelry market have impacted purchases; however, from an investment perspective, people still consider gold and silver to be safe options. Investor interest has also grown in options like digital gold and sovereign gold bonds.
However, amid rising prices, investors are being advised to remain cautious. Volatility may persist in the market, so experts advise investing with a long-term perspective. Overall, gold and silver reaching all-time highs reflects the current global situation and the changing priorities of investors.
