Gold and Silver Prices Surge to New Heights

Gold Silver Price Today: Gold and silver prices have taken a surprising turn. On Monday, December 22, a significant surge was recorded in both gold and silver prices across the international and domestic bullion markets. On COMEX, 24-karat gold rose by 1.28 percent, reaching $4,443 per ounce (28.34 grams). This comes amid notable fluctuations in the prices of these precious metals. In Delhi, 24-karat gold is now priced at Rs 135,000 per 10 grams, while silver has reached a striking Rs 213,900 per kilogram. Market experts suggest that these fluctuations are part of a natural correction and do not indicate an imminent drop in gold prices.

Experts indicate that as long as the dollar remains weak and interest rates stay low, gold and silver prices may continue to experience significant fluctuations.

Latest MCX Rates:
On the Multi-Commodity Exchange (MCX), gold and silver also reached new records. By 6:30 PM, 24-karat gold was trading at Rs 136,150 per 10 grams on MCX, with trading highs of Rs 136,199 and lows of Rs 134,899. Compared to the previous session, gold saw an increase of Rs 1,954.

Silver on MCX surged by 2.59 percent, trading at Rs 213,834 per kilogram, with a session high of Rs 214,583 and a low of Rs 209,475. Silver closed at Rs 208,439 on Friday, reflecting a substantial one-day increase of Rs 5,395.

IBJA Prices:
On the Indian Bullion and Jewellers Association (IBJA), 24-karat gold increased by ₹1,576 to ₹1,33,970 per 10 grams, while silver surged by ₹7,391, reaching an all-time high of ₹2,07,727 per kilogram.

Month-on-Month Increase:
Over the past month, gold prices have seen a significant rise. On November 21, gold was priced at ₹1,22,149 per 10 grams on IBJA, which has now escalated to ₹1,33,970, marking an increase of ₹11,821. Similarly, silver prices have climbed from ₹1,51,129 to ₹2,07,727 per kilogram, reflecting a substantial rise of ₹56,598 during this period.