Gold Price Jumps Rs 3,760 in a Week; Is it the Right Time to Buy?

• Gold prices in Telugu states saw significant fluctuations, with 24-carat gold increasing by Rs. 3,760 and 22-carat gold by Rs. 3,450 in one week.
• The price surge is attributed to US Federal Reserve interest rate cuts, central banks accumulating gold, and the weakening Indian Rupee.
• Domestic demand for gold has risen due to the wedding season, further contributing to price increases.
• Experts predict that gold prices may continue to rise due to ongoing geopolitical tensions and economic uncertainties.
• Silver prices also saw a sharp increase, touching Rs. 2 lakh per kg before settling around Rs. 1,98,000.

Why It Matters: Rising gold prices due to global factors affect buyers and investors.