Gold prices in India have surged to record-breaking heights, with 24-carat gold now priced at Rs 95,400 per 10 grams and 22-carat gold at Rs 87,450 per 10 grams.
This remarkable increase, marking a Rs 49,600 surge in just two days, has left market analysts astounded.
The rally is fueled by escalating US-China trade tensions and a weakening US Dollar, prompting investors to turn to gold as a safe-haven asset. Global spot gold prices have also reached new heights, hitting $3,175 per ounce, driven by recession fears and economic uncertainties.
Silver prices in India saw a marginal increase, now costing Rs 97,100 per kg. Experts predict that the bullish trend in gold will continue as geopolitical instability and economic challenges persist.
Gold Prices in Major Indian Cities:
Bhubaneswar: 24-carat gold priced at Rs 95,400; 22-carat at Rs 87,450
Delhi: 24-carat gold priced at Rs 95,550 per 10 grams; 22-carat at Rs 87,600
Mumbai: 24-carat at Rs 95,400; 22-carat at Rs 87,450
Kolkata: 24-carat at Rs 95,400; 22-carat at Rs 87,450
Chennai: 24-carat at Rs 95,400; 22-carat at Rs 87,450
Bangalore: 24-carat at Rs 95,400; 22-carat at Rs 87,450
Silver Prices in Major Cities:
Bhubaneswar: Rs 108,000 per Kg
Delhi: Rs 97,100 per kg
Mumbai: Rs 97,100 per kg
Kolkata: Rs 98,000 per kg
Chennai: Rs 1,08,000 per kg
