Hyderabad: Gold and silver prices are rising at rocket speed in both domestic and global markets, leaving investors and buyers stunned. Silver has created a new historic record, while gold prices have also surged sharply, reflecting strong demand for precious metals amid global uncertainty.
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Silver Breaks Global Record, Crosses $75 Per Ounce
On Friday, the international silver price jumped nearly 5 percent, pushing the metal above $75 per ounce for the first time ever. This sharp rally had a direct impact on Indian bullion markets, triggering a steep rise in local prices.
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Hyderabad Bullion Market Sees Historic High
In a major development, silver prices in the Hyderabad bullion market touched an all-time high on Friday morning.
- Silver price today: ₹2,37,000 per kg
- Rise since the 18th: Nearly 14 percent increase
Bullion traders say the pace of the rally has surprised even seasoned market participants.
Gold Prices Also Surge Sharply
Not just silver, gold prices are also witnessing strong upward momentum.
Today’s gold rates in Hyderabad:
- 24-carat gold (10 grams): ₹1,40,000
- 22-carat gold (10 grams): ₹1,28,350
Jewellery buyers are closely watching the trend as prices remain near record levels.
Silver Up 153% in One Year
The long-term rise in silver has been nothing short of extraordinary.
- Silver price on December 31 last year: ₹89,700 per kg
- Current price: Above ₹2,00,000 per kg
- Annual rise: 153 percent
This massive jump has turned silver into one of the best-performing assets of the year.
Why Are Gold and Silver Prices Rising So Fast?
Market experts attribute the rally to several global and economic factors:
- Weakness in the US dollar
- Reduced chances of immediate US Federal Reserve interest rate cuts
- Ongoing global political and economic tensions
- Rising demand for safe-haven investments
As uncertainty grows, investors are increasingly shifting funds into gold and silver.
What Lies Ahead for Precious Metals?
Analysts believe that if current global conditions continue, gold and silver prices may climb even higher in the coming days. Investors and buyers are advised to stay cautious and track daily price movements before making major decisions.
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