Gold prices continued their upward trend on January 8, rising sharply across major Indian cities, while silver also recorded a strong jump. Driven by global geopolitical tensions, a weaker dollar and sustained central bank buying, precious metals remain in focus.
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New Delhi: Gold and silver prices are steadily rising across the country. Precious metals also saw an increase on January 8th, keeping the market under close watch from consumers to investors. Due to international market trends and domestic demand, both gold and silver are seen reaching new heights.
On the morning of January 8th, the price of 24-carat gold in the capital Delhi was recorded at Rs 1,39,640 per 10 grams, while 22-carat gold reached Rs 1,28,010 per 10 grams. These prices are significantly higher than in the past few days, which may impact jewelry purchases.
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Talking about the country's major metropolises, the price of 24-carat gold in Mumbai, Chennai, and Kolkata is Rs 1,38,260 per 10 grams. The price of 22-carat gold was recorded at ₹1,26,740 per 10 grams. Prices in these cities remained roughly the same.
Gold prices in Pune and Bengaluru also remained at par with Mumbai. In cities like Jaipur, Lucknow, and Chandigarh, 24-carat gold reached ₹1,39,640 per 10 grams, while in Bhopal and Ahmedabad, it was recorded at ₹1,39,540 per 10 grams. Overall, gold is trading near record levels in most cities.
Along with gold, silver prices have also seen a sharp rise. In Uttar Pradesh, silver prices have reached ₹2,57,100 per kilogram. The recent sharp rise in silver prices is impacting both industrial use and investment.
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Gold is no longer limited to jewelry; it has become a safe investment option. Global geopolitical tensions, a weak dollar, and continued purchases by central banks have boosted gold demand. Experts believe that investors are turning to gold as a hedge against inflation. If this trend continues, gold and silver prices could reach new heights in the coming days.
