Gold and Silver Prices This Week: Gold witnessed a rally this week, with prices rising by more than ₹1,200 per 10 grams. Meanwhile, silver recorded a marginal increase.

According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose by ₹1,292 this week to reach ₹1,49,430 per 10 grams, up from the previous ₹1,48,138 per 10 grams.

The price of 22-carat gold increased to ₹1,36,878 per 10 grams from ₹1,35,694 per 10 grams. The price of 18-carat gold rose to ₹1,12,073 per 10 grams from ₹1,11,104 per 10 grams.

The lowest gold price recorded this week was ₹1,49,614 per 10 grams during the morning session on October 9. Conversely, the highest price was ₹1,47,278 per 10 grams during the morning session on October 6.

How much did silver prices rise?
Along with gold, silver prices also saw an upward trend.

The price of silver increased by ₹280 to reach ₹2,21,109 per kilogram, up from ₹2,20,829 per kilogram.

The highest silver price this week was ₹2,24,157 per kilogram, recorded during the evening session on October 5. The lowest price was ₹2,20,866 per kilogram, recorded during the evening session on October 7.

The IBJA releases gold and silver prices twice daily—during the morning and evening sessions. Internationally, the price of gold has approached $4,200 per ounce, while the price of silver has neared $60 per ounce.

According to experts, gold and silver prices remained within a limited range this week. This is attributed to bond yields consistently staying above 5 percent and crude oil prices remaining above $100 per barrel. Meanwhile, a strong dollar is exerting pressure on both precious metals.

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