Gold and Silver Prices Soar Again in Jaipur

Jaipur The precious metals market in Jaipur is witnessing a sharp rise, as both gold and silver prices climbed again for the second straight day. This fresh surge is being attributed to rising domestic demand and firm cues from the international market.

In the local bullion market, gold and silver have become the center of attention as their rates continue to climb, sparking interest among investors, jewellers, and general buyers. According to traders, the consistent upward trend in prices is being influenced by factors such as international geopolitical tensions, currency fluctuations, and inflationary pressures that are pushing investors to seek the safety of gold and silver.

Local jewellers have observed a noticeable increase in footfall at their stores as people rush to buy before prices shoot up further. “There is a sense of urgency among buyers. With the festival season approaching and global prices rising, people don’t want to miss out,” said a prominent jewellery store owner in Jaipur.

Gold, long seen as a safe haven during uncertain times, has been rallying on global exchanges as well. Internationally, gold futures surged due to investor sentiment shifting toward stable assets, especially amid speculation about interest rate cuts by central banks. This global momentum has had a cascading effect on domestic markets.

Similarly, silver prices have also witnessed a jump, tracking both gold trends and industrial demand. Silver, unlike gold, has a dual appeal — both as a precious metal and as a key component in industrial applications such as solar panels, electronics, and batteries. This dual demand is keeping its price buoyant.

For buyers in Jaipur, today’s gold prices have moved significantly higher compared to last week, with 24-carat gold nearing ₹63,000 per 10 grams, while 22-carat gold remains close to ₹58,000 per 10 grams. Silver, too, is trading upwards of ₹78,000 per kilogram, marking a considerable jump from previous levels.

Financial advisors are urging investors to stay alert and consider their portfolio diversification. “Gold and silver remain solid choices for hedging against inflation, especially with the current market volatility,” shared an independent financial expert.

Meanwhile, some buyers are feeling the pressure of rising prices, especially those planning weddings or large purchases. Many are choosing to pre-book their jewellery or invest in digital gold options to lock in current rates before another hike hits.

Looking ahead, the market sentiment remains bullish. Analysts believe that if global tensions persist and inflation continues to bite, the precious metals rally may not slow down anytime soon. However, they also caution that sudden changes in interest rates or policy decisions could trigger corrections.

As the markets open today, all eyes will be on the rate updates across India, especially in major trading hubs like Jaipur, Mumbai, and Delhi. Buyers and sellers alike are keeping a close watch, hoping to strike the right balance between investment and affordability.

With uncertainty lingering in the air and the festive season just around the corner, the stage is set for gold and silver to remain in the spotlight for days to come.