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Gold and Silver Prices Rise Today, Silver Crosses 2.12 Lakh
- •Silver price has increased by Rs 1,408 to trade at Rs 212,595 per kilogram.
- •Gold price has jumped by Rs 479 to trade at Rs 148,397 per 10 grams.
- •In Delhi, the price of 24-carat gold is Rs 14,780 and 22-carat gold is Rs 13,549 per 10 grams.
- •Safe-haven demand amid global tensions and geopolitical risks are supporting gold prices.
Key Questions Answered
The rate of silver increased by Rs 1,408 to trade at Rs 212,595 per kilogram, while gold jumped by Rs 479 to trade at Rs 148,397 per 10 grams on October 19. On Comex, gold trades 0.46 percent higher at $4,200 per ounce, and silver trades 1.01 percent higher at $57 per ounce.
In Delhi, 24-carat gold is priced at Rs 14,780 per 10 grams and 22-carat gold is Rs 13,549. In Mumbai, Kolkata, Bengaluru, Hyderabad, Pune, and Kerala, 24-carat gold stands at Rs 14,765 and 22-carat gold is Rs 13,534 per 10 grams.
Gold prices are supported by safe-haven demand amid geopolitical risks like tensions around the Strait of Hormuz, increased spending on AI infrastructure, and a decline in US government bond yields and the US Dollar Index. However, inflationary pressures and fears of Federal Reserve rate tightening remain challenges.
