Gold and Silver Prices Skyrocket: Silver Hits 4 Lakhs, Gold Nears 1.75 Lakhs
Money
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News18•29-01-2026, 09:33
Gold and Silver Prices Skyrocket: Silver Hits 4 Lakhs, Gold Nears 1.75 Lakhs
- •Gold prices have surged to nearly 1.75 lakh rupees per tola, while silver has reached 4 lakh rupees per kilogram on MCX.
- •The American dollar's four-year low and stable interest rates by the US Federal Reserve have driven investors towards gold.
- •Increased industrial demand is significantly contributing to the rise in silver prices.
- •Global analysts predict gold prices could reach $5,700 to $6,000 per ounce by year-end, according to Societe Generale and Morgan Stanley.
- •Investors are now opting for stock markets, ETFs, and mutual funds over physical gold and silver jewelry.
Why It Matters: Gold and silver prices have seen unprecedented hikes, making them unaffordable for many, driven by global economic shifts.
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