Business
Gold Prices Hit Record Highs, Silver Crosses ₹1 Lakh
Gold prices soar past ₹84,000 per 10 grams, silver crosses ₹1 lakh per kg in key cities. Market volatility continues amid rising global and domestic factors.
- Gold prices reach an all-time high in India
- Silver crosses ₹1 lakh per kg in some cities
- Government’s import tax policy impacts market rates
Gold and silver prices in India have hit record highs, with gold surging past ₹84,000 per 10 grams and silver crossing ₹1,06,900 per kg in some cities. This sudden rise is linked to reports that the central government may increase import taxes on gold, leading to higher prices.
Gold Prices Across Major Cities (Per 10 Grams)
- Delhi: ₹84,630 (24K), ₹77,590 (22K)
- Mumbai: ₹84,480 (24K), ₹77,440 (22K)
- Hyderabad: ₹84,480 (24K), ₹77,440 (22K)
- Chennai: ₹84,480 (24K), ₹77,440 (22K)
- Bengaluru: ₹84,480 (24K), ₹77,440 (22K)
- Kolkata: ₹84,480 (24K), ₹77,440 (22K)
Silver Prices in Major Cities (Per Kg)
- Delhi: ₹99,400
- Mumbai: ₹99,400
- Hyderabad: ₹1,06,900
- Chennai: ₹1,06,900
- Bengaluru: ₹99,400
- Kolkata: ₹99,400
What’s Driving the Price Surge?
Several factors have contributed to this sharp increase in bullion prices:
- Government’s possible import tax hike on gold
- Global economic uncertainties pushing investors toward safe assets
- Fluctuations in the international bullion market
Should You Buy Now?
Experts advise caution, as gold and silver prices fluctuate frequently. If you’re planning an investment, it’s best to track daily price updates before making a purchase.