Daijiworld Media Network - New Delhi
New Delhi, Oct 11: The Indian bullion market continued its strong upward momentum this week, with silver leading the charge and soaring to an all-time high of Rs 1.64 lac per kilogram. Gold too posted solid gains, reflecting robust investor sentiment amid global uncertainty and festive-season demand.
According to data from the Indian Bullion and Jewellers Association (IBJA), silver prices jumped Rs 4,950 on Friday alone, closing at Rs 1,64,500/kg — up from Rs 1,59,550 the previous day. Over the week, silver surged by a staggering Rs 15,667, climbing from Rs 1,48,833/kg on Monday, driven by tight supply conditions and heightened investor interest.
Gold prices followed suit, with 24-carat gold rising Rs 2,276 over the week to settle at Rs 1,21,525 per