Gold-Silver Price Today: Silver Jumps by Rs 16,000 in a Week, Gold Prices Also Rise Significantly

The third week of December has brought significant movements in the prices of precious metals, capturing the attention of both investors and buyers. While gold's trajectory has been a bit slower this time, silver has surprised investors with a remarkable jump of Rs 16,000 per kilogram in just one week. From domestic markets to the international stage, both metals are clearly being influenced by global signals, which are dictating their price trends.

Record Surge in Silver Prices

Silver has outperformed gold Importantly this week. The domestic market saw silver prices soar by a whopping Rs 16,000 per kilogram in just one week, marking a record increase, while on December 21, the price of silver reached Rs 2,14,000 per kilogram in the capital city of Delhi. In international markets, silver is also trading strongly at USD 65, while 85 per ounce, reflecting a balance of global demand and supply. It's noteworthy that silver prices have seen an impressive increase of approximately 126 percent so far this year, making it a preferred metal for investors and indicating its potential to maintain its shine in the future.

Gold's Steady Ascent

Gold prices in the country have also remained strong on a weekly basis, though not with the same dramatic surge as silver, while over the past week, the price of 24-carat gold increased by Rs 260 per 10 grams, while 22-carat gold became dearer by Rs 250 per 10 grams. On December 21, the price of 24-carat gold in Delhi was recorded at Rs 1,34,330 per 10 grams, while 22-carat gold was trading at Rs 1,23,150 per 10 grams. This indicates that gold continues to be a safe and attractive investment option for many.

Gold Prices in Other Major Cities

Beyond Delhi, major cities like Mumbai, Chennai, and Kolkata also witnessed similar strength in gold prices. In these cities, the price of 24-carat gold was recorded at Rs 1,34,180 per 10 grams, and 22-carat gold at Rs 1,23,000 per 10 grams. Pune and Bengaluru, among other significant cities, also reflected these same rates, indicating uniformity and stability in gold prices across the country, while the international spot price of gold stands at USD 4,322. 51 per ounce, which underscores gold's solid position globally.

Factors Driving the Price Rally

Several international and domestic factors are considered responsible for this rally in precious metals. Signals from the US Federal Reserve are among the most crucial. Fed Governor Christopher Waller has supported further interest rate cuts, although he also stated that policymakers would proceed with caution. Softening US labor market data has also strengthened expectations for rate cuts, which has directly benefited gold and silver. When interest rates are lower, non-yielding assets like gold and silver become more attractive, leading to increased demand and upward price movement, while On top of that, domestic demand and festive season buying also contribute to the prices of these metals.

Implications for Investors and Buyers

If you're investing in gold and silver or planning to make. Purchases in the coming days, this news is highly significant for you. The continuous increase in the prices of precious metals signals good returns for investors. However, given market volatility, it's always advisable to exercise caution and seek expert advice. Monitoring the global economic outlook and central bank policies will be helpful in forecasting future prices and making informed decisions.