Hyderabad: Gold and silver prices in India climbed sharply this week, hitting fresh record levels as investors sought safe‑haven assets amid ongoing global economic and geopolitical uncertainty. Notably, the gold and silver price uptrend has caught the attention of market watchers.
Analysts said rising tensions in several regions, combined with concerns over global growth prospects and expectations of lower U.S. interest rates, boosted demand for precious metals. At the same time, strong industrial demand for silver in electronics, solar and electric vehicle (EV) sectors contributed to upward pressure on silver rates. This industrial demand continues to influence gold and silver price movements across the country.
On Wednesday, silver prices in the national capital reached a new record of ₹2,86,000 per kilogram. Gold also rose to lifetime highs, with 10‑gram rates touching ₹1,44,100 for pure bullion, according to the All India Sarafa Association.
In Hyderabad, bullion traders reported sustained rallies in silver prices for the fourth consecutive session. The gold and silver price trend has remained bullish throughout these trading sessions. Silver gained ₹15,000, lifting local rates to ₹2,90,000 per kilogram, inclusive of all taxes.
Over the past four trading sessions, silver prices have climbed about 17.45%, and they are up around 20% so far this year. As a result, many investors are closely watching every gold and silver price update for further signs of movement.
Gold gains across segments
Pure 24‑carat gold rose by ₹1,470 for 10 grams, reaching ₹1,44,100, while 22‑carat gold commonly used in jewellery increased by ₹1,350 to ₹1,32,000 for 10 grams.
Compared with four sessions ago, gold prices have risen around 4.3%, and they are up approximately 6.4% year‑to‑date.
Traders said the strength in bullion reflects both safe‑haven buying and underlying demand trends, including jewellery and industrial consumption.