Spot gold rose 0.1% to $3,986.23 per ounce early Thursday, while US gold futures for December delivery climbed to $3,994.60 per ounce.

The global price of gold jumped sharply, rising by $53 per ounce to reach $4,018.

Gold rates remained volatile in the month of October.

The price of 10 grams of gold also remained unchanged at Rs381,430.

In the international market, gold also witnessed a drop of $106, reaching $4,252 per ounce.

The rise comes after a dip on Tuesday

The decline comes a day after gold prices had climbed modestly

The price of 10-gram gold was reported at Rs304,355

Internationally, gold prices saw a drop of $16 per ounce on Tuesday

Silver prices in the domestic market remained stable

The price of 10 grams of gold also increased by Rs257, closing at Rs293,895.

the price of gold rose by $13, reaching $2,997 per ounce from $2,984

In contrast, silver prices experienced a decrease, falling by Rs30 to stand at Rs3,270 per tola.

Gold prices also soared, hitting an all-time high of $2,799.71 per ounce

10-gram silver priced at Rs3,350