New Delhi

Gold and silver prices are rising steadily, fueled by strong demand, and this trend is expected to continue throughout the festive season. So far in the current financial year, gold has appreciated by nearly 10%, while silver has seen an impressive increase of about 24%.

According to Sachin Jain, Regional CEO of the World Gold Council, the recent cut in customs duty has significantly boosted gold consumption in India. He anticipates a strong October to December quarter, making it an excellent time to invest in gold. Currently, gold prices hover around Rs 75,000 per 10 grams, just below the all-time high of Rs 75,400. Ajay Kedia from Kedia Advisory predicts gold could soon reach Rs 77,000, citing factors like ETF purchases and geopolitical tensions as key drivers.

For silver, Kedia forecasts a rise to Rs 100,000 per kilogram, noting its increasing industrial demand, particularly in electric vehicles and solar panels. Presently, silver is priced around Rs 93,000 per kg, up from Rs 75,000 at the start of the year.