Gold, Silver Hit Record Highs Amid Global Uncertainty; Check Rates Today!
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News18•12-01-2026, 11:34
Gold, Silver Hit Record Highs Amid Global Uncertainty; Check Rates Today!
- •Gold and silver prices surged to record highs on January 12 due to global economic uncertainties and geopolitical tensions.
- •In Mumbai, 24-carat gold reached Rs 1,40,450 per 10 grams, and 22K gold was Rs 1,28,740 per 10 grams.
- •Silver also hit a new all-time high of Rs 2,59,900 per kg in the spot market.
- •Factors like rising geopolitical risks, US Federal Reserve pressure, and weaker US employment data fueled safe-haven demand.
- •Indian domestic gold prices climbed 77% this year, outpacing the Nifty 50 index's 9.7% gain.
Why It Matters: Gold and silver prices reached unprecedented highs on January 12, driven by global instability and safe-haven demand.
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