NEW DELHI: Both gold and silver prices witnessed strong gains this week as global uncertainty pushed investors towards safe-haven assets.
Gold prices rose by more than Rs 700 per 10 grams, while silver surged over Rs 5, 100 per kilogram.
According to data from the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold climbed to Rs 98, 243 per 10 grams, up from Rs 97, 511 a week ago -- an increase of Rs 732.
The price of 22-carat gold also moved up from Rs 89, 320 to Rs 89, 991 per 10 grams.
Meanwhile, 18-carat gold saw a slight jump, rising from Rs 73, 133 to Rs 73, 682 per 10 grams during the same period.
Silver prices saw a sharper rise. The white metal gained Rs 5, 120 during the review period, taking it from Rs 1, 07, 580 to Rs 1, 12, 700 per kilogram.
Silver continues to hover near its all-time high of Rs 1, 13, 867 per kilogram, which was recorded on July 14.
Analysts attribute the price rally to rising global uncertainty. Recent tariff announcements by US President Donald Trump on several countries have added to geopolitical and economic tensions worldwide.