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Gold and Silver Prices Surge Over Weekend Reaching Historic Highs
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News18•10-10-2026, 12:08
Gold and Silver Prices Surge Over Weekend Reaching Historic Highs
- •Gold prices have increased by Rs 1,292 per 10 grams, while silver has gone up by Rs 1,280.
- •According to IBJA, 24-carat gold reached Rs 1,49,430 per 10 grams.
- •The price of 22-carat gold increased to Rs 1,36,878 and 18-carat gold reached Rs 1,12,073 per 10 grams.
- •Silver prices have surged to reach Rs 2,21,109 per kg following strong domestic and international trends.
- •Global market developments and festive season demand are the major reasons behind the price hike.
Key Questions Answered
According to the India Bullion and Jewellers Association (IBJA), 24-carat gold reached Rs 1,49,430 per 10 grams, 22-carat gold increased to Rs 1,36,878 per 10 grams, and 18-carat gold rose to Rs 1,12,073 per 10 grams.
International market developments, US bond yields remaining around 5 percent, and crude oil prices staying above $100 per barrel have put upward pressure on prices, alongside steady domestic festive shopping demand.
In the global market, gold has reached approximately $4,200 per ounce, and silver is trading at around $60 per ounce.
