Archive · 23 Jul 2025
Silver Hits Record, Gold Gains Amid Heavy Buying
Imagine gold and silver are like popular toys.
People are buying them like crazy!
Silver hit a new high, and gold went up too.
This is happening because of things like worry in the world (like not knowing if countries will trade together) and the US dollar becoming less strong.
Also, silver is in demand because industries are using it a lot.
Experts are watching data from big countries to see if prices will go up or down.
Silver prices surged to a record Rs 1.18 lakh per kg, with a Rs 4,000 increase.
Gold in the national capital advanced by Rs 1,000, reaching Rs 1,01,020 per 10 grams.
The price surge is attributed to heavy buying by stockists and industrial demand for silver.
Global uncertainty and a weaker US Dollar contribute to gold's demand.
Investors await PMI data from major economies for further price cues.
- Who
- Driven by stockists, investors, and industrial demand.
- What
- Silver and gold prices increased significantly.
- When
- On Wednesday.
- Where
- National capital and global markets.
- Why
- Due to global uncertainty, a weaker US dollar, and industrial demand.
Market Analysts
Investors
Factors Influencing Bullion Prices
Market Analysts
Gold is supported by overall weakness in the US Dollar and global uncertainty.
Investors
Market participants are awaiting manufacturing and services PMI data from major economies to predict trajectory of bullion prices.
- Silver Price (per kg)
- Rs 1.18 lakh
- Gold Price (per 10 grams)
- Rs 1,01,020
- Gold Purity (99.9%)
- Rs 1,01,020
- Silver price increase
- Rs 4,000
- Gold price increase
- Rs 1,000
- Spot Gold (per ounce)
- USD 3,422.87
- Spot Silver (per ounce)
- USD 39.39