Gold and silver prices have surged again after witnessing a brief period of decline, triggering fresh interest among investors and jewellery buyers. In Hyderabad, gold prices jumped sharply, while silver recorded a massive single-day increase. The sudden rise has added pressure on buyers who were waiting for further corrections before making purchases.
Gold Prices See Sharp Jump
Gold prices moved up significantly in the city. The price of 24-carat gold increased by ₹3,000 for 10 grams, taking the total cost to ₹1,57,500. At the same time, 22-carat gold also witnessed a strong rise and is now priced at ₹1,39,100 per 10 grams in Hyderabad.
The renewed rise comes after several days of softening prices, which had encouraged buyers to return to the market. Jewellers say demand picked up quickly once prices showed signs of stabilising. However, the latest spike may slow down fresh purchases in the short term.
Silver Records Heavy Gains
Silver prices climbed at an even faster pace. The price of one kilogram of silver increased by a steep ₹16,000 in a single move. As a result, silver is now trading at ₹2,75,000 per kilogram in Hyderabad.
Traders point out that silver has been more volatile compared to gold in recent weeks. Industrial demand, global cues, and speculative buying continue to influence silver prices more aggressively than gold.
Global Factors Drive Precious Metal Prices
International market trends played a major role in the latest price movement. Strong global demand, uncertainty around interest rate decisions, and currency fluctuations pushed precious metal prices higher. Market participants remain cautious as global economic signals continue to send mixed messages.
Experts also note that investors are shifting funds back into safe-haven assets. This trend has supported gold prices, especially after recent corrections created attractive entry levels.
Impact on Buyers and Investors
Jewellery buyers may postpone purchases, hoping for another dip in prices. On the other hand, long-term investors see the rise as confirmation of gold’s strength during uncertain economic conditions. Silver investors are watching the market closely due to its sharp price swings.
With festival demand and wedding season purchases ahead, market players expect prices to remain volatile in the coming weeks.
Overall, the fresh rise in gold and silver prices has once again highlighted the unpredictable nature of the bullion market, keeping both buyers and investors on high alert.
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