Gold Silver Price Today: Gold Crosses ₹1.41 Lakh, Silver Surges by Over ₹5,000

: Gold and silver prices witnessed a sharp rise in the domestic bullion market on Wednesday following the Diwali holidays. On the Multi Commodity Exchange (MCX), silver prices surged by more than ₹5,000 per kilogram, while gold became costlier by over ₹1,200 per 10 grams.
 

According to market data available at noon, the December 4 delivery contract for gold was trading at ₹1,41,816 per 10 grams. This marked an increase of ₹1,291 compared with its previous closing price.
 

Silver also recorded significant gains. The December 4 delivery contract climbed to ₹1,87,692 per kilogram, registering a rise of ₹5,116 from its previous close. On Monday, gold had settled at ₹1,40,525 per 10 grams, while silver closed at ₹1,82,576 per kilogram.
 

Gold and Silver Touch Intraday Highs
 

During Wednesday's trading session, gold reached an intraday high of ₹1,41,958 per 10 grams, while its lowest level stood at ₹1,41,120.
 

Silver also moved higher, touching an intraday peak of ₹1,87,770 per kilogram. Its lowest level during the session was recorded at ₹1,85,290 per kilogram.
 

The upward trend was also visible in international markets. On COMEX, gold was trading around 0.6 per cent higher, while silver gained approximately 2.9 per cent.
 

Experts Warn That Gold's Rally Could Face Challenges
 

According to market experts, the latest recovery in gold prices was driven by buying activity after a sharp decline in the previous trading session. Gold had fallen by nearly 3 per cent in the international market during the preceding session.
 

Higher-than-expected inflation figures in the United States and the possibility of the Federal Reserve increasing interest rates were among the factors that limited gold's gains.
 

Experts point out that higher interest rates can reduce the appeal of investments such as gold, which do not generate regular interest income.
 

Consequently, gold and silver prices in the coming days are likely to remain influenced by global economic conditions and decisions taken by the US Federal Reserve.