Gold and Silver Prices: If you’re planning to buy gold or silver anytime soon, you might want to pause and check the latest rates because precious metal prices have taken an unexpected leap. In just a day, the prices of gold and silver have surged so much that it’s making many customers think twice before heading to the jeweller. With the latest jump, gold has almost touched the one lakh rupees mark per 10 grams, making it nearly unreachable for the average buyer.
A Shocking Comeback After Brief Decline
After a short period of decline, gold and silver rates have shot up again, catching everyone by surprise. This sharp spike has left customers stunned, while investors are smiling as their gold holdings rise in value. With both global and domestic markets heating up, it seems gold and silver have climbed to the seventh sky. Analysts believe that this trend of volatility might continue in the coming days.
Latest Gold and Silver Prices on April 12
On April 12, the price of 24-carat gold was trading close to ₹95,550 per 10 grams, a record-breaking level that marks a new all-time high. The All India Sarafa Association has reported that the rise is largely due to increasing global demand and the perception of gold as a safe investment in uncertain times. In Delhi, for instance, the price of 24-carat gold has reached ₹95,560 per 10 grams, while 22-carat gold is now priced at ₹87,610 per 10 grams.
Silver Joins the Rally
Silver, too, is not far behind in this price storm. On Saturday, the price of silver touched ₹97,200 per kilogram, making it yet another costly affair for anyone thinking of investing in the shiny metal. In cities like Mumbai and Chennai, the 24-carat gold rate has hit around ₹95,410 per 10 grams, while 22-carat gold stands at ₹87,460 per 10 grams.
Gold Approaching ₹1 Lakh Mark
Just two weeks ago, towards the end of March, gold prices were still hovering around ₹90,000 per 10 grams. In early April, they even dropped slightly to ₹89,880, giving hope to potential buyers. But that window closed quickly, and the prices have now stormed past ₹95,000 and are inching closer to ₹1 lakh. That’s just ₹4,000 away from an almost unthinkable milestone.
Buyers Worried, Investors Rejoice
This continued rise in gold and silver prices is not just a number game; it’s impacting millions of households and investors across India. Whether you’re a bride-to-be, an investor, or someone simply looking to buy a small ornament, this surge is changing plans and pushing budgets.
Disclaimer: This article is based on available information as of April 12, 2025. Metal prices are highly volatile and subject to change due to various factors, including international market trends, currency fluctuations, and investor sentiment. Readers are advised to check the latest rates from official sources before making any financial decisions related to gold or silver.
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