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Gold hits all-time high of Rs 81,006 per 10 gm; silver also gains

Among key factors driving gold prices upward are rising tensions following Donald Trump's re-election as US President

Reported by:  PTC News Desk  Edited by:  Jasleen Kaur -- January 30th 2025 01:04 PM
Gold hits all-time high of Rs 81,006 per 10 gm; silver also gains

Gold hits all-time high of Rs 81,006 per 10 gm; silver also gains

PTC Web Desk: Gold prices in India surged to an all-time high on January 30, with 24-carat gold reaching Rs 81,006 per 10 gm, according to the India Bullion and Jewellers Association (IBJA). This marks a slight increase from Rs 80,975 per 10 gm recorded on January 29.

Silver prices also witnessed an upward trend, climbing Rs 920 to settle at Rs 91,600 per kg from its previous rate of Rs 90,680 per kg. Notably, silver had hit its record high on October 23, 2024, reaching Rs 99,151 per kg.


Since December 31, 2024, when the price of 24-carat gold stood at Rs 76,162 per 10 gm, it has seen an increase of Rs 4,844. Meanwhile, silver, which was priced at Rs 86,017 per kg on the same date, has risen by Rs 5,583 per kg in the past month.

Among key factors driving gold prices upward are rising tensions following Donald Trump's re-election as US President. This has fueled global concerns. The US Federal Reserve recently reduced interest rates and may continue to do so, boosting gold prices. Besides, a depreciating Indian rupee has made gold more expensive in the domestic market. Rising inflation is further supporting gold’s upward trajectory. Increased market fluctuations have driven investors towards Gold ETFs, leading to higher demand.

In 2024, gold recorded a 20.22% appreciation, while silver prices rose 17.19%. On January 1, 2024, gold was priced at Rs 63,352 per 10 gm, which climbed to Rs 76,162 per 10 gm by December 31, 2024. Meanwhile, silver surged from Rs 73,395 per kg to Rs 86,017 per kg during the same period.

- With inputs from agencies

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