Silver gets costlier by ₹19,000 this week:Silver up by ₹78,483 per kg, gold by ₹45,363/10 grams this year

Gold and silver prices recorded sharp gains this week. As per the Indian Bullion and Jewellers Association (IBJA), 24-carat gold rose by ₹4,571 (4%) over the week to ₹1,21,525 per 10 grams, compared to ₹1,16,954 on October 3. Silver saw an even steeper rise, jumping ₹18,890 (12.9%) during the same period — from ₹1,45,610 per kg on October 3 to ₹1,64,500 on October 10. Silver (Per Kg) Rose By ₹18,890 This Week Weekly gain: Source: Indian Bullion and Jewellers Association (IBJA) Key Reasons Behind the Surge in Gold Prices Why Silver Prices Are Rising Year-to-Date Price Increase Gold May Rise To ₹1.55 lakh A recent report by Goldman Sachs projects gold could reach $5,000 per ounce by next year. At current exchange rates, this translates to around ₹1,55,000 per 10 grams. Sandeep Raichura, Director of brokerage firm PL Capital, expects gold could touch ₹1,44,000 per 10 grams. Not The Ideal Time To Invest In Gold Ajay Kedia, Director of Kedia Advisory, notes that gold has surged about 60% this year, limiting short-term upside. Investors may book profits now, but holding gold could still be rewarding over the long term. Purity Of Gold By Carat 24 Carat: 99.9% 23 Carat: 95.8% 22 Carat: 91.6% 21 Carat: 87.5% 18 Carat: 75.0% Keep These 2 Things In Mind While Buying Gold: