Gold, silver prices rise sharply this week: Check rates here
Gold and silver prices jumped this week, with gold near $3,973/oz and silver at $47.94/oz, as investors sought safe-haven assets when markets got shaky.
In India, 24-karat gold hit ₹120,980 per 10gm.
Silver's been catching up too—the gold-to-silver ratio is now about 83:1.
Why are gold and silver rising?
When the economy feels uncertain, gold and silver often become go-to choices to protect your money.
The US Federal Reserve's recent signals suggest fewer interest rate cuts ahead, which has boosted the dollar but kept precious metals attractive for anyone worried about inflation or market swings.
Global uncertainties keep demand for precious metals high
Even though US job numbers look solid, there's still a lot of global uncertainty—think economic worries and ongoing geopolitical tensions.
That keeps demand strong for gold and silver as reliable stores of value when other investments feel risky.