Gold, Silver Premiums Skyrocket: $100 Gold Premium First Time in a Decade
Money
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News18•21-01-2026, 18:53
Gold, Silver Premiums Skyrocket: $100 Gold Premium First Time in a Decade
- •Indian bullion market sees gold premium hit $112 per ounce, highest in 10 years, up from discounts last week.
- •Silver premium also breaks records, reaching over $8 per ounce, surpassing the previous high of $5 in October.
- •Weakening rupee (record low 91.74 against USD) and fears of increased import duties in the upcoming 2026 budget are key drivers.
- •Record local prices: 10 grams of gold at ₹1,58,339 and silver at ₹3,35,521 per kilogram.
- •Supply shortage and surge in investment demand (coins, bars, ETFs) despite low jewelry demand contribute to the price hike.
Why It Matters: Gold and silver premiums hit decade highs due to rupee depreciation, budget duty hike fears, and supply issues.
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