Gold Soars 18% in 28 Days, Silver Jumps ₹40,000 in a Day; Global Prices Surge
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News18•28-01-2026, 09:02
Gold Soars 18% in 28 Days, Silver Jumps ₹40,000 in a Day; Global Prices Surge
- •Gold prices have increased by approximately 18% since the beginning of 2026, reaching over $5,200 per ounce in the global market.
- •Silver saw a massive surge, jumping by ₹40,500 per kilogram in a single day in the Delhi bullion market, a 12.3% increase.
- •Factors driving the price hike include global trade tensions, US tariff risks, and anticipation of interest rate cuts by the Fed Reserve.
- •Experts predict the Fed Reserve may cut interest rates, making gold and silver more attractive to investors due to lower bond returns.
- •Bank of America and UBS Global Research anticipate gold prices could reach $6,000 per ounce by late 2026, supported by central bank buying and geopolitical risks.
Why It Matters: Gold and silver prices are rapidly increasing globally due to economic factors and investor shifts, with further surges expected.
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