New Delhi – Gold and silver prices touched unprecedented levels on Monday, fueled by the Indian rupee’s sharp decline against the US dollar, which made gold imports more expensive.
The price of 10 grams of gold rose to an all-time high of ₹1,05,937, edging close to the ₹1,06,000 mark. Silver also witnessed a historic jump, with the price of one kilogram reaching ₹1,24,990, its highest ever.
Market experts said the weakening rupee, coupled with strong global demand, pushed precious metal prices higher. International gold rates are also moving towards record highs as investors worldwide turn to safe-haven assets amid economic uncertainties.
Traders expect the trend to continue if the rupee remains under pressure and global demand for gold and silver stays firm. Investors are closely monitoring fluctuations in currency exchange rates, as well as international market signals, to gauge the future movement of bullion prices.
