Gold price hits record high at Rs 80,142 per 10 gm; silver also sees significant surge
Gold and silver price update: Gold prices in India surged to an all-time high on January 22, with 24-carat gold priced at Rs 80,142 per 10 gm, marking an increase of Rs 689 from the previous rate of Rs 79,453, according to the India Bullion and Jewellers Association (IBJA). The previous record was set on October 30, 2024, at Rs 79,681 per 10 gm.
Silver prices also witnessed a sharp rise, climbing Rs 1,048 to reach Rs 90,930 per kg, compared to the previous rate of Rs 90,533. Silver’s all-time high of Rs 99,151 per kg was recorded on October 23, 2024.
Gold prices across major cities are as following
Delhi: Rs 75,400 (22-carat), Rs 82,240 (24-carat) per 10 gm
Mumbai: Rs 75,250 (22-carat), Rs 82,090 (24-carat) per 10 gm
Kolkata: Rs 75,250 (22-carat), Rs 82,090 (24-carat) per 10 gm
Chennai: Rs 75,250 (22-carat), Rs 82,090 (24-carat) per 10 gm
Bhopal: Rs 75,300 (22-carat), Rs 82,140 (24-carat) per 10 gm
Global instability, particularly since Donald Trump’s presidency, has contributed to rising gold prices. Recent reductions in interest rates by the US and UK have also boosted gold investments. The depreciation of the Indian rupee against the US dollar has increased the cost of gold imports. Rising inflation rates have provided further support for gold prices. Besides, increased investment in Gold ETFs due to market uncertainty has driven demand.
- With inputs from agencies
