Gold and Silver Prices Surge Again: What Buyers Need to Know
Price Increase in Precious Metals
New Delhi: On Wednesday, August 12, 2026, the prices of gold and silver witnessed another increase. The rise in the domestic market has raised concerns among gold buyers. Internationally, both gold and silver prices have also shown strength.
Gold Prices on the Rise
According to market data, the price of 24-carat gold has reached approximately ₹1.54 lakh per 10 grams. Meanwhile, the rate for 22-carat gold is around ₹1.42 lakh per 10 grams. Prices may vary slightly depending on the city and jeweler.
Factors Behind the Price Surge
The recent increase in gold prices is attributed to activities in the international market, a growing interest from investors in safe investments, and the current global economic conditions.
Silver Prices Also Rise
Alongside gold, silver prices have also increased. In India, the price of 999 purity silver is reported to be between ₹2.35 lakh and ₹2.55 lakh per kilogram, depending on various sources. Actual prices may differ based on the city, market, and retail seller.
International Market Trends
In the international market, both gold and silver showed strength on Wednesday. Reports indicate that during morning trading, spot gold rose by approximately 0.57% to $4,466.30 per ounce, while silver increased by 1.16% to $65.69 per ounce.
Domestic Market Insights
The domestic MCX market also recorded significant gains in gold and silver. Reports suggest an increase of about ₹1,200 per 10 grams for gold and approximately ₹2,612 per kilogram for silver.
Price Variations by Location
Gold and silver rates can vary based on the city, jeweler, purity, taxes, and other charges. When purchasing jewelry, it is essential to consider not just the market price but also costs like GST and making charges.
Tips for Buyers
If you plan to buy gold or silver, make sure to check the local rates on the day of purchase. Pay attention to the purity of gold, hallmarking, weight, and the charges listed on the bill.
Currently, both gold and silver are trading at high levels. Therefore, it is crucial for buyers to be aware of the latest rates, as market prices are subject to continuous fluctuations.