Indian Gold Prices Surge Amid Global Economic Uncertainty

Gold prices in India rose on August 1, following international market gains, while silver remained firm.

The increase in gold prices was driven by global economic uncertainty, currency fluctuations, and central bank policy expectations.

According to the latest market update, 24-carat gold increased by around Rs 100 per 10 grams, while 22-carat gold also registered a similar rise in most major cities.

Silver prices remained steady at Rs 2,34,900 per kilogram (Rs 234.90 per gram) in the domestic market, reflecting consistent demand from both industrial users and retail buyers.