Gold Prices Soar Past ₹1.5 Lakh as Silver Hits ₹2.5 Lakh
Gold prices have surged past ₹1.5 lakh in India's retail market as of August 13, with silver prices topping ₹2.5 lakh per kilogram. According to Business Today, gold rates at leading jewellers such as Joyalukkas and Malabar Gold & Diamonds are also on the rise, with 22K gold quoted at ₹14,195 per gram across major Indian states.
The market is being driven by global economic data, US interest rate expectations, and currency movements. Market participants will continue to track these trends for further direction in precious metal prices. In particular, analysts are predicting that gold may rally to ₹1.48 lakh in the next 1-2 weeks despite a recent correction.
The differences in retail prices among jewellers are influenced by brand-specific pricing policies, procurement costs, and regional market conditions.