Silver Hits Record High, Gold Jumps; Consumers Face Rising Costs

• Silver prices reached a new high, increasing by Rs 890 to Rs 1,84,473 per kg (including GST).
• Gold prices also rose, with 24-carat gold now at Rs 1,32,551 per 10 grams (including GST).
• The sharp rise in gold and silver prices during the wedding season has increased pressure on consumers.
• This year, gold has become costlier by Rs 52,951 per 10 grams, and silver by Rs 93,083 per kg.
• Spot gold and silver prices are announced twice daily by the India Bullion and Jewellers Association (IBJA).

Why It Matters: Rising gold and silver prices increase financial burden on consumers.