Gold ₹160,620 per 10g and silver ₹2,46,630 per kg rise
Gold hit ₹160,620 for 10gm in India on Friday, up by ₹3,540 from the previous close.
Silver also joined the party, crossing ₹2,46,630 per kilogram.
The jump comes as the US dollar weakens and Treasury yields swing, making gold and silver more attractive for investors.
Central banks bought nearly 289t gold
A bunch of global factors are at play: rising US debt (now over $40 trillion), big bond buybacks by the US Treasury, and fresh tensions between the US and Iran have all pushed people toward safe-haven assets like gold.
Plus, central banks around the world bought nearly 289 metric tons of gold in the second quarter of 2026 (a 62% jump from last year), which has only fueled demand further.
In India, people swapping old jewelry for new have helped keep local prices a bit lower than import rates.