Thu Oct 09 04:00:00 UTC 2025: Okay, here’s a summary of the text followed by a news article based on it:

**Summary:**

Gold and silver prices in India have reached record highs, just before the Karwa Chauth festival. Gold has surpassed ₹1,22,000 per 10 grams (24 Carat), while silver has crossed ₹1,52,000 per kilogram. The surge in prices is attributed to various factors, including increased demand due to the festive season, gold’s safe-haven appeal amidst global economic uncertainty, weakness of the US dollar, increased central bank buying, rising inflation, and increased industrial demand for silver. The jump in price has been substantial, with gold increasing by approximately ₹6,000 this month and ₹46,000 this year and silver increasing by approximately ₹8,000 this month and ₹64,000 this year.

**News Article:**

**Gold and Silver Prices Skyrocket to Record Highs Ahead of Karwa Chauth**

**New Delhi, India –** In a dramatic surge, gold and silver prices in India have reached unprecedented levels, sending shockwaves through the market just days before the Karwa Chauth festival. The soaring prices threaten to dampen festive spirits and impact jewelry sales.

On Wednesday, the Indian Bullion and Jewellers Association (IBJA) reported that 24-carat gold reached a record high of ₹1,22,089 per 10 grams. Silver prices have surged even more dramatically, crossing the ₹1,52,700 per kilogram mark.

The sharp increase represents a significant jump in a single day. Gold prices rose by ₹2,109 per 10 grams in just 24 hours, while silver prices jumped by ₹3,262 per kilogram within the same timeframe. With GST, the price of gold jewellery is now ₹1,25,452 per 10 grams, while the price of silver is ₹1,55,306 per kilo.

The price rise means that gold has increased by approximately ₹6,000 this month, and ₹46,000 since the beginning of the year. Silver has increased by approximately ₹8,000 this month, and ₹64,000 since the beginning of the year.

Analysts attribute the surge to a confluence of factors:

* **Festive Demand:** Karwa Chauth, a major festival where women traditionally purchase gold and silver jewelry, is driving up demand.
* **Safe Haven Appeal:** In times of global economic uncertainty and weak US dollar, investors often turn to gold as a safe haven asset.
* **Inflation Concerns:** Gold is often seen as a hedge against rising inflation.
* **Central Bank Buying:** Increased gold purchases by central banks worldwide are contributing to higher prices.
* **Industrial Demand for Silver:** The electronics and solar panel industries are driving up the demand for silver.

* **US Dollar Weakness:** The US dollar has weakened, and investors are moving towards gold again.

The skyrocketing prices are likely to impact consumers, particularly those planning to purchase jewelry for Karwa Chauth or upcoming weddings. “People are finding it difficult to digest the prices,” one market observer noted. “With these rates, festive and wedding celebrations may feel incomplete without jewellery.”

Market analysts will be closely watching to see if the price rally continues or if demand wanes due to the high costs.

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