Gold Prices Soar: Unexpected Jump Shocks Buyers, Rs 2,890 Hike in a Single Day!

Business
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News18•07-02-2026, 16:48
Gold Prices Soar: Unexpected Jump Shocks Buyers, Rs 2,890 Hike in a Single Day!
- •Gold prices, after a recent dip, surged unexpectedly today, with 24-carat gold increasing by Rs 2,890 per tola.
- •This sudden rise is bad news for gold buyers but a relief for those pledging gold for loans.
- •In Hyderabad, 10 grams of 24-carat gold reached Rs 1,56,600, while 22-carat ornamental gold rose by Rs 2,650.
- •Silver prices also skyrocketed by Rs 5,000 per kg, reaching Rs 2,85,000, driven by industrial demand and supply issues.
- •Global factors like a weakening dollar, Federal Reserve decisions, and economic instability are fueling the gold rally, with experts predicting further increases.
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