Gold Jumps ₹2,622 as Silver Gains ₹7,247 Amid Global Economic Uncertainty

Gold and silver prices have risen significantly in recent weeks, with gold increasing by ₹2,622 per 10 grams and silver gaining ₹7,247 per kilogram. According to data from the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose from ₹1,41,378 per 10 grams on July 18 to ₹1,44,000 per 10 grams this week.

The rise in precious metal prices comes amid continued fluctuations driven by global economic uncertainty, investor demand, and movements in international markets. Gold has remained a preferred safe-haven asset for investors, contributing to its sustained demand.

Commodity market expert Ajay Kedia believes that both gold and silver have corrected significantly from their record highs, making them attractive for long-term investors. According to Kedia, gold could rise to around ₹1.60 lakh per 10 grams by the end of 2026, while silver may climb to nearly ₹2.80 lakh per kilogram.