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Hyderabad: Gold prices soared sharply on Monday, delivering an unexpected blow to buyers as both gold and silver registered steep increases in the domestic market. The price of 24-carat gold surged by ₹1,300 , reaching ₹1,25,900 per 10 grams , while silver witnessed a significant jump of ₹2,460 , bringing the price to ₹1,55,760 per kilogram .

Market analysts attribute the surge to global economic trends, with investors turning toward precious metals as a safe-haven investment amid a weak US economy and a declining dollar . This renewed demand has fueled an upward rally in bullion prices.

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Soumil Gandh

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