There was a major contrast between gold and silver in today's Indian bullion market, where gold prices increased drastically, but silver prices went down slightly on Thursday. The price of gold increased by ₹2,000 to reach ₹1,54,800 per 10 grams, which is influenced by global factors and weak US dollars.

According to the All India Sarafa Association, the price of 99.9% pure gold rose to ₹154,800 per 10 grams from ₹152,800 in the previous session (gold rate today). Saumil Gandhi, senior analyst at HDFC Securities, said:

Gold received strong support from weakening US dollars and declining US treasury yields. Following the one-month low, people began purchasing gold once again, which increased gold prices.

On the other hand, silver prices saw a decline, going down by ₹1,800 to ₹2,42,700 per kilogram, compared to ₹2,44,500 on Wednesday.

However, the situation in the international market is slightly different. Gold prices jumped 2.02% to $4,635.52 per ounce, while silver also gained 3.31% to trade at $73.69 per ounce.

The dollar index fell 0.27% to 98.69. A weak dollar means that buying gold and silver becomes cheaper and more attractive for holders of foreign currencies, which has also had a positive impact on the domestic market.

Currently, the international precious metals are continuing to improve, directly benefiting domestic investors. If you are thinking of investing, keep an eye on these market fluctuations.