Gold and silver prices continued their upward momentum as global trade tensions fueled safe-haven buying. Gold gained for the second consecutive day, while silver surged sharply, rising ₹45,100 per kg in nine days.
Gold Extends Rally, Silver Jumps as Market Uncertainty Grows
New Delhi: Amid heightened global tensions over US tariffs, gold and silver have become even more valuable. For the second consecutive day, prices of both rose. In the capital, Delhi, 24-carat gold rose by ₹10 per 10 grams, while 22-carat gold also rose by ₹10. In the past two days, 24-carat gold has risen by a total of ₹2,470 and 22-carat gold by ₹2,260 per 10 grams.
Silver prices are also witnessing a sharp rise. After remaining stable for one day, silver has become more expensive by ₹10,100 per kilogram in Delhi in two consecutive days. In the past nine days, the price of one kilogram of silver has risen by a total of ₹45,100. Today, on January 20th, silver in Delhi rose marginally by ₹100 to reach ₹3,05,100 per kilogram.
Silver crosses Rs 3 lakh, Gold at fresh record high; Check city-wise rates here
The prices of 10 grams of gold in major cities across the country are as follows:
In Delhi and Jaipur, 24-carat gold reached ₹1,46,400 and 22-carat gold reached ₹1,34,210. In Mumbai, Kolkata, Bengaluru, and Hyderabad, 24-carat gold reached ₹1,46,250 and 22-carat gold reached ₹1,34,060. Chennai saw the highest price for 24-carat gold at ₹1,46,740 and 22-carat gold at ₹1,34,510. Prices in Lucknow, Patna, and Ahmedabad also remained in the same range.
In addition to Delhi, silver is being sold at ₹3,05,100 per kilogram in Mumbai and Kolkata. However, silver is most expensive in Chennai, where it was recorded at ₹3,18,100 per kilogram.
Gold prices slip on first day of the week; Silver also sees decline
According to experts, uncertainty has increased in global markets following US President Donald Trump's threat to impose tariffs on European countries. Trump has indicated that a 10% tariff could be imposed on goods coming to the US from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland from February 1. In response, EU lawmakers are considering blocking a trade deal with the US.
With tariff wars and rising geopolitical tensions, investors are turning to gold and silver, considered safe assets. Market experts believe that precious metals may remain strong as long as global uncertainty persists.
