Fluctuations in Gold and Silver Prices See Significant Surge: Consumers Advised to Stay Alert
Gold and silver prices have been experiencing frequent fluctuations, driven by international developments and market forces. While these prices tend to change daily, the trends observed since the start of the year have shown a consistent rise in the past few days. Starting from January 1, gold prices remained relatively stable but began to surge last week.
On Monday, the price of 10 grams of gold stood at ₹79,470. However, by Saturday, the price rose by ₹1,332, reaching ₹80,802. This sharp increase reflected the global demand for precious metals, which directly impacted prices in major Indian cities such as Vijayawada, Hyderabad, Visakhapatnam, and Proddatur during the morning trading hours on Saturday.
Similarly, silver prices saw a significant jump. The price of one kilogram of silver increased from ₹90,020 on Monday to ₹93,265 on Saturday, marking an impressive rise of ₹3,245. The fluctuations in silver prices followed a similar pattern to gold, with both metals seeing a notable rise.
Internationally, the precious metal market also witnessed a surge. The price of an ounce of gold rose from $2,640 on Monday to $2,690 on Saturday, a jump of $50. Silver, currently priced at $30.43 an ounce, also saw a slight rise.
Consumers are encouraged to keep track of these daily price changes before making any purchases or investments in gold and silver, as fluctuations are expected to continue.
