Gold, Silver Prices Surge as Bullion Market Rebounds; Weekly Gains Hit Rs 6,471 and Rs 17,000

Brief By Newsbrief / 4:03 PM on 04 Jul 2026

Gold and silver prices witnessed a strong rally this week, driven by renewed investor demand after recent market corrections. Gold prices increased by Rs 6,471, reaching Rs 1.16 lakh per 10 grams, while silver surged by more than Rs 17,000 to Rs 1.23 lakh per kilogram. Market experts attributed the rise to improved buying sentiment and supportive policy measures affecting the bullion trade.

Analysts noted that precious metal prices have remained volatile throughout the year, with gold and silver recovering after previous declines. They also said regional demand, transportation costs, and local jewellers' pricing contribute to differences in retail rates across cities.

Recent government policy changes related to import duties and trade regulations have also influenced bullion prices by affecting import costs and domestic supply. Experts believe global market trends, investor confidence, and economic developments will continue to determine the direction of gold and silver prices in the coming weeks.