In the past few days, gold prices have witnessed significant jumps, with the price of Libra gold shooting up by nearly 1500 rupees. The latest figures as of September 15 show a substantial increase, with 22 carat gold priced at Rs.68,650 for 10 grams and 24 carat gold at Rs.74,890. The stagnation seen in gold prices recently seems to have lifted, bringing relief to the market.

In major cities like Delhi, Hyderabad, Vijayawada, Kolkata, and Bengaluru, the prices for 22 carat and 24 carat gold per 10 grams have seen a consistent rise, reflecting the overall trend in the market. Meanwhile, silver prices have also followed suit, with a significant increase from Rs. 84,000 to Rs. 92,000 in just two days. Some regions like Chennai, Hyderabad, and Kerala have reported even higher prices, reaching up to Rs. 97,000 per kilogram.

India’s unique demand for gold, especially for auspicious occasions like weddings, continues to be a driving force in the market. However, the daily fluctuations in gold rates can be attributed to varying demands and international market dynamics. The recent movements in gold prices have kept investors and consumers on edge, especially with the unexpected surge in prices over the last two days.

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