Both gold and silver prices witnessed strong gains this week as global uncertainty pushed investors towards safe-haven assets.&nbsp;
Gold prices rose by more than ₹700 per 10 grams, while silver surged over ₹ 5,100 per kilogram.
According to data from the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold climbed to&nbsp; ₹98,243 per 10 grams, up from ₹ 97,511 a week ago &mdash; an increase of ₹ 732.
The price of 22-carat gold also moved up from ₹ 89,320 to ₹ 89,991 per 10 grams.
Meanwhile, 18-carat gold saw a slight jump, rising from ₹73,133 to ₹ 73,682 per 10 grams during the same period.
Silver prices saw a sharper rise. The white metal gained&nbsp; ₹5,120 during the review period, taking it from ₹ 1,07,580 to ₹ 1,12,700 per kilogram.
Silver continues to hover near its all-time high of ₹ 1,13,867 per kilogram, which was recorded on July 14.
Analysts attribute the price rally to rising global uncertainty. 
Recent tariff announcements by US President Donald Trump on several countries have added to geopolitical and economic tensions worldwide.
Pranav Mer, Vice President, EBG - Commodity and Currency Research, JM Financial Services, said that in the week ahead, focus will remain on the trade negotiation outcome, Fed official speeches, US macro data, including housing market, weekly initial claims, and durable goods orders.
"Gold prices are seen consolidating in a range over the past couple of weeks amid a lack of fresh triggers and recovery in the US Dollar in the given period," Mer said.
Gold and silver are traditionally considered safe assets during times of instability. 
As uncertainty grows, so does demand for these metals, while supply remains relatively tight &mdash; driving prices higher.
Since the beginning of the year, the price of 24-carat gold has jumped from ₹76,162 to ₹ 98,243 per 10 grams &mdash; marking a rise of ₹ 22,081 or nearly 29%.
Silver has performed even better, rising by&nbsp; ₹26,683 or 31% &mdash; from ₹86,017 to ₹ 1,12,700 per kilogram.
&mdash;IANS

Gold and silver prices surge amid uncertainty

Gold up ₹700 this week, silver crosses ₹1.12 lakh/kg amid global economic uncertainty

Gold Gains ₹700, Silver Tops ₹1.12 Lakh

Gold up ₹700 this week, silver crosses ₹1.12 lakh/kg amid global economic uncertainty

July 20, 2025 | 22:59 IST