Gold Shines: Price Crosses $5,000 Per Ounce Globally, ₹1.6 Lakh in India
Commodity
M
Moneycontrol•26-01-2026, 10:19
Gold Shines: Price Crosses $5,000 Per Ounce Globally, ₹1.6 Lakh in India
- •Gold prices surged to a record high, crossing $5,000 per ounce internationally and ₹1,60,000 per 10 grams in India for the first time.
- •The rally is driven by investors seeking safe-haven assets amidst rising geopolitical uncertainties and a weaker US dollar.
- •In Mumbai, 24-carat gold hit ₹1,60,250 per 10 grams, while 22-carat gold was ₹1,46,890 per 10 grams (excluding GST and making charges).
- •Silver also reached a new all-time high of ₹3,35,000 per kilogram in the spot market.
- •Factors like international rates, import duties, taxes, and exchange rates influence gold prices in India, where it holds significant cultural and financial importance.
Why It Matters: Geopolitical uncertainty and a weaker dollar have propelled gold to record highs globally and in India.
✦
More like this
Loading more articles...
