Gold and silver price rise
After US President Donald Trump Tariff, the H-1B visa bomb broke the Indians. The country was recovering from the tariff. But the decision on visa gave a lot of dent to the Indian currency. The rupee reached the new low level due to the increase in the fee. Gold prices rose by Rs 2,700 to Rs 1,18,900 per 10 grams on a new summit of Rs 1,18,900 per 10 grams in the national capital on the global demand for safe investment.
According to the All India Bullion Association, 99.9% pure gold closed at Rs 1,16,200 per 10 grams in the previous session. Between the fall in the rupee, 99.5% pure gold rose by Rs 2,650 to Rs 1,18,300 per 10 grams (including all taxes) on all-time high in the local market. On Monday, it was Rs 1,15,650 per 10 grams. Traders said that the heavy fall in the rupee against the dollar further boosted gold prices.
Silver price increased
Silver prices also rose by Rs 3,220 to Rs 1,39,600 per kg on a record high on Tuesday. It was Rs 1,36,380 per kg in the last session. The rupee fell 47 paise to 88.75 (Provisional) all-time on Tuesday amidst the continuous withdrawal of foreign funds due to a major increase in American H-1B visa fees, which could lead to a major setback to the Indian IT services exports. In the international market, the spot gold climbed more than 1% to a record high of $ 3,791.10 an ounce. Spot silver was trading 0.57% to $ 44.32 an ounce.
Prices also increased on futures market
While the price of gold and silver in the bullion market has increased. The 24 carat gold, which expired on 3 October 2025 on MCX, crossed the Rs 113766 figure with a gain of Rs 1536. At the same time, the price of silver that expires on 5 December 2025 has also increased. The price of 1 kg of silver rose by Rs 1573 to Rs 135128 per kg.