Gold Hits All-Time High at ₹86,843 Silver Also Rises Sharply..

New Delhi : Gold and silver prices have witnessed a sharp rise this week, with gold reaching an all-time high of ₹86,843 per 10 grams. The price of gold increased by ₹784 in the last seven days, reflecting strong investor demand and global market trends. Similarly, silver prices surged by ₹1,598 per kg, continuing their upward momentum. Over the past 72 days, gold has seen a staggering increase of ₹10,681, making it one of the most significant price hikes in recent years.

The primary reasons behind this surge include global economic uncertainty, rising inflation, and increased demand for safe-haven assets. The US Federal Reserve’s stance on interest rates, along with geopolitical tensions, has further fueled the demand for gold. Additionally, a weaker rupee against the US dollar has contributed to higher domestic prices.

In international markets, gold prices have also remained bullish, influenced by central bank buying and investor sentiment. Many investors are shifting their focus towards precious metals amid concerns over global financial instability. Silver, which is often influenced by both industrial demand and investment trends, has also experienced a significant price hike.

Experts suggest that the rally in gold and silver may continue in the coming weeks as market uncertainties persist. Analysts believe that if current trends hold, gold could breach the ₹87,000 mark soon. Silver, too, is expected to witness further gains as industrial demand remains strong.

Jewelers and traders have reported a mixed response from buyers, with some hesitant due to the high prices, while long-term investors continue to see gold as a reliable store of value. The wedding season has also played a role in sustaining demand, particularly in India, where gold is a culturally significant asset.

Market watchers recommend closely monitoring global economic developments and central bank policies, as they will play a crucial role in determining the future trajectory of gold and silver prices. Investors are advised to assess market conditions before making purchasing decisions.

As gold and silver continue their upward trend, many are keeping a close watch on upcoming economic data releases and policy announcements that could impact metal prices in the near future.