NEW DELHI, Sep 14: Gold and silver prices have seen a significant rally this week, keeping them close to their all-time highs.
24-carat gold is now at Rs 1,09,707 per 10 grams, up from Rs 1,06,338 a week ago.
22-carat gold has risen from Rs 97,406 to Rs 1,00,492 per 10 grams, while 18-carat gold has risen from Rs 79,754 to Rs 82,280 per 10 grams. Silver prices also gained significantly, rising by Rs 4,838 during the review period.
The rally in precious metals is attributed to rising global uncertainties, with recent tariff measures imposed by US President Donald Trump on multiple countries heightened concerns worldwide.
Both gold and silver have witnessed higher demand, while limited supply has further pushed prices upward.
Gold prices have continued their bullish run, driven by increasing expectations of a US Federal Reserve rate cut.
Despite the metal being overbought, ongoing tariff disputes and the global de-dollarization theme are supporting higher prices.
Gold is likely to trade between Rs 1.07 lakh and Rs 1.12 lakh per 10 grams in the coming sessions. (IANS)
