Gold and Silver Prices Soar to New Records in India

Gold and silver prices have surged to new record levels in India ahead of the Raksha Bandhan festival. According to the latest data from Punjab Kesari English, 24-carat gold has crossed the ₹1.64 lakh mark per 10 grams, while silver has touched ₹2,60,000 per kilogram.

The rally follows a strong session on August 24, when gold reached a three-month high of ₹1,63,500 per 10 grams in Delhi's bullion market. Market analysts believe that falling bond yields and rising demand for safe-haven assets are supporting higher gold and silver prices.

Bullion prices have witnessed a strong rally this week, with 24-carat gold gaining more than ₹8,250 per 10 grams in just a week, according to the India Bullion and Jewellers Association (IBJA).