Silver Soars Rs 20,000 in a Day, Gold Prices Climb; Experts Warn Caution

• Silver prices surged by Rs. 20,000 per kg in a single day, reaching Rs. 2,74,000, and a total of Rs. 43,000 in six days.
• Gold prices also saw significant increases, with 24-carat gold rising by Rs. 120 per gram and Rs. 12,000 per 100 grams.
• The weakening US dollar, influenced by international developments and past US President Donald Trump's decisions, drives investors to gold as a safe haven.
• Experts predict continued high prices for gold and silver, advising consumers to observe market conditions carefully.
• Gold prices in Hyderabad, Vijayawada, and Visakhapatnam reflect the national trend, with 10 grams of 24-carat gold at Rs. 1,41,220.

Why It Matters: Gold and silver prices are soaring due to a weakening dollar and safe-haven demand; caution advised.