Gold and silver prices surge in India amid global market volatility

Gold and silver prices have experienced significant volatility and upward trends in the Indian and global markets. In India, 24-carat gold prices have reached levels around ₹1,55,000 per 10 grams, with 22-carat gold trading near ₹1,42,000. Silver prices have also seen substantial movement, with some reports indicating rates as high as ₹2,55,000 per kilogram.

Market analysts attribute these fluctuations to several factors, including increased safe-haven demand from institutional investors in China, a weakening US dollar, and anticipation surrounding US inflation data. The volatility is further influenced by the Federal Reserve's interest-rate outlook.

City-wise variations in India show gold rates ranging from approximately ₹1,51,960 to ₹1,55,460 per 10 grams for 24-carat purity. Silver rates also vary by location, with major cities like Mumbai, Delhi, and Kolkata showing similar pricing trends, while Chennai and Hyderabad report slightly different local rates.