Weekly Market Update: Gold Up ₹1,292, Silver Hits ₹2.21 Lakh per Kg

NEW DELHI, October 10 (IANS) – This week’s Indian precious‑metal market saw gold push upwards by more than ₹1,200 per 10 gram. The 24‑carat rate climbed to ₹1,49,430, a rise of ₹1,292 from the prior ₹1,48,138.

The 22‑carat variety recorded ₹1,36,878 per 10 gram, and 18‑carat gold settled at ₹1,12,073, each ticking higher against earlier quotations.

Gold’s intra‑week volatility showed a low of ₹1,49,614 on the morning of October 9 and a high of ₹1,47,278 on the morning of October 6.

Silver also experienced a modest rally, gaining ₹280 to stand at ₹2,21,109 per kilogram. The highest price for the week was observed on October 5 evening at ₹2,24,157 per kilogram, while the lowest was on October 7 evening at ₹2,20,866 per kilogram.

IBJA disseminates price information twice a day – for the morning and evening sessions. Globally, gold prices hovered near $4,200 per ounce and silver around $60 per ounce.

Experts link the limited but positive price movement to persistent 5% bond yields, crude oil trading above $100 per barrel, and a resilient US dollar that continues to apply downward pressure on gold and silver.