Gold & Silver Soar on Jan 8: Prices Jump Amid Geopolitical Tensions
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Moneycontrol•08-01-2026, 08:15
Gold & Silver Soar on Jan 8: Prices Jump Amid Geopolitical Tensions
- •Gold prices surged on January 8, with 24-carat gold in Delhi reaching ₹139,640 per 10 grams and Mumbai at ₹138,260.
- •Silver also saw a significant increase, climbing to ₹257,100 per kilogram, with its international spot price at $78.69 per ounce.
- •The rise in precious metal prices is attributed to increased demand for safe-haven assets due to escalating US-Venezuela geopolitical tensions.
- •International spot gold price stands at $4,449.87 per ounce, reflecting global market trends.
- •Despite strong annual gains (silver up 164%, gold up 73.45% in 2025), high silver prices risk substitution by cheaper industrial alternatives like copper or nickel.
Why It Matters: Gold and silver prices surged on January 8 due to geopolitical tensions, with silver showing higher annual gains.
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