Gold Prices Soar: Rs. 15,000 Hike in a Week, Market Turmoil Continues

• Gold prices have surged by Rs. 15,000 in the last week, causing significant turmoil for buyers and jewelers.
• In Hyderabad, 24-carat gold increased by Rs. 1,470 per 10 grams in a single day, reaching Rs. 1,58,620.
• Silver prices also hit an all-time high, with one kilogram costing Rs. 3,60,000, a Rs. 50,000 increase in a week.
• Global gold prices are nearing $5,000 per ounce, while silver has crossed $100 per ounce, driven by cautious global conditions.
• Factors like industrial demand for silver, Rupee-Dollar exchange rates, interest rates, inflation, and geopolitical uncertainty are influencing the price surge.

Why It Matters: Gold and silver prices are experiencing unprecedented volatility and significant increases due to global and domestic factors.