Gold Hits Record ₹1.60 Lakh, Silver Soars: What's Driving the Surge?
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News18•28-01-2026, 22:01
Gold Hits Record ₹1.60 Lakh, Silver Soars: What's Driving the Surge?
- •Gold crossed ₹160,000 per 10 grams for the first time in the spot market, with 24-carat gold reaching ₹164,635.
- •Silver also hit a record high, surging by ₹13,703 to ₹358,267 per kilogram.
- •International markets also saw significant gains, with gold climbing 3.24% to $5,287 per ounce and silver rising 5.78% to $112 per ounce.
- •The surge is attributed to the US Federal Reserve meeting, low likelihood of interest rate changes, US tariff disputes, and increased safe-haven demand.
- •Experts warn of potential volatility, with resistance around ₹166,000 and strong support near ₹160,000.
Why It Matters: Gold and silver prices reached unprecedented highs driven by global economic factors and safe-haven demand.
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