Gold prices surged sharply in India, rising ₹7,040 per 10 grams for 24-carat gold in a week, while silver jumped ₹37,000 per kg. Gold touched record levels in domestic and global markets amid strong investment demand and economic uncertainty.
Gold Prices Spike ₹7,040 Weekly; Silver Hits Record Highs
New Delhi: Gold prices in India continue to rise. In the past week, 24-karat gold has become Rs 7,040 per 10 grams more expensive, while the price of 22-karat gold has increased by Rs 6,450. On December 28, 24-karat gold reached Rs 1,41,370 per 10 grams in Delhi. Meanwhile, 22-karat gold is trading at Rs 1,29,600 per 10 grams.
In other major cities of the country, the price of 24-karat gold in Mumbai, Chennai, and Kolkata is Rs 1,41,220 per 10 grams, while 22-karat gold is available at Rs 1,29,450 per 10 grams. The same rates have been recorded in Pune and Bengaluru. In Ahmedabad and Bhopal, the price of 24-karat gold is Rs 1,41,270 and 22-karat gold is Rs 1,29,500 per 10 grams.
Gold prices skyrocket to Rs 1.40 lakh in Delhi; Check rates across major cities
In Delhi, Jaipur, Lucknow, and Chandigarh, 24-karat gold has reached Rs 1,41,370 and 22-karat gold Rs 1,29,600 per 10 grams. These prices have broken several previous records. Market experts say that this surge in gold prices is due to the wedding season and increased investment demand.
Gold has also reached a new peak in the international market. Spot gold has reached a record level of $4,530.42 per ounce. Global economic uncertainty, confusion regarding interest rates, and the increasing demand for safe-haven investments have supported gold prices. This is directly impacting the domestic market as well.
In the domestic market, gold prices have strengthened by approximately 80.24 percent so far this year. Many analysts believe that the upward trend in gold prices could continue in the coming year. Goldman Sachs has projected that gold could reach $4,900 per ounce by December of next year.
Gold prices rise again in India, Silver jumps sharply; Check rates here
Not only gold, but silver prices have also witnessed a tremendous surge. In the past week, silver has become Rs 37,000 per kilogram more expensive. On December 28, the price of silver was recorded at Rs 2,51,000 per kilogram. This is considered to be the highest level ever.
This year, silver prices in the domestic market have increased by approximately 163.5 percent. In the international market as well, silver has reached a new record high of $75.63 per ounce. Strong industrial demand, increasing purchases as a safe-haven investment, and a shortage in global supply are driving up silver prices.
According to experts, in the current scenario, both gold and silver remain attractive as safe-haven investments. However, it is important to consider price fluctuations and your financial goals before investing.
