Rajasthan Gold, Silver Prices Soar: Silver Jumps ₹20,000, Gold Up ₹2,000 in a Day

• Gold and silver prices in Rajasthan have hit record highs, with silver surging over ₹20,000 and gold by approximately ₹2,000 in a single day.
• Pure silver reached ₹2,47,600 per kilogram, and 24-carat gold hit ₹1,40,300 per 10 grams on Sunday, according to Rajasthan Bullion Association.
• Major cities like Jaipur, Jodhpur, Udaipur, Kota, and Ajmer also saw similar price increases, with 3% GST applicable on all rates.
• The unprecedented hike has concerned customers, leading to reduced jewelry purchases despite the wedding season, and left traders in a dilemma.
• Reasons cited for the surge include international market rally, dollar movement, and increased investor demand for safe-haven assets.

Why It Matters: Rajasthan sees record gold and silver price hikes, impacting buyers and traders amid global market trends.