The Economic Times

Gold jumps by nearly Rs 800 this week amid PM Modis appeal to cut purchases, customs duty hike; silver also turns volatile

Gold prices surged by Rs 766 per gram this week, with 24k gold climbing nearly Rs 800 before retreating from record highs. This volatility follows Prime Minister Modi's appeal to reduce gold purchases and the government's increase in customs duty on precious metals, impacting both consumer demand and jewelry stocks.