New -delhi, October 11 (IANS). Last week’s increase in the Indian Bullion market continued and the bullish trend also continued this week. Silver prices were a major boom and rose by more than Rs 15,000 per kg to reach a high of Rs 1.64 lakh per kg. During this period there was a slight increase in the price of yellow metal and gold with more than Rs 2,000 per 10 grams. According to the Indian Bullion and Jewelers Association (IBJA), the price of silver on Friday with Rs 4,950 to Rs 1,64,500 per kg, while it was Rs 1,59,550 per kg the previous day. In contrast, the price of 24 carat gold with Rs 1.104 dropped to Rs 1,21,525 per 10 grams from its peak of Rs 1,22,629 Thursday. Meanwhile, both precious metals achieved good profits this week. Silver prices rose to Rs 15,667 on Monday from Rs 1,48,833 per kg, while 24 carat gold rose with Rs 2,276 to Rs 1.19,249 per 10 grams from Rs 1.19,249 per 10 grams on the opening day of the week. Metal prices have also remained strong in the domestic futures market. On the Multi Commodity Exchange (MCX), the contract price of gold for December 5, 2025 closed at Rs 1,21,492 per 10 grams, which is Rs 999 or 0.83 percent higher than the previous day’s closing price of Rs 1.20,493. Similarly, the silver contract that expires on December 5, closed at Rs 1,46,698 per kg, higher than Rs 374 or 0.26 percent compared to the closing price of the previous Rs 1,46,324 session. In addition, the Silver Exchange Traded Funds of India (ETFs) are trading against major premiums for international benchmarks, amid an increase in festive demand and limited physical supply, a report from Axis Mutual Fund says. Investment flow in silver products reached a record level worldwide in the first half of 2025, with an increase of nearly 95 million ounces, more than the total investment of the entire previous year, the report states. In addition, Axis Mutual Fund said it brings total ETF stake to approximately 1.13 billion ounces (over $ 40 billion) to mid-2025. –Is SKT/
-
-
-
-
