Gold, Silver Prices Soar: 24-Carat Gold Crosses 1.56 Lakh, Silver Hits Record 3.30 Lakh
Money
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News18•22-01-2026, 09:52
Gold, Silver Prices Soar: 24-Carat Gold Crosses 1.56 Lakh, Silver Hits Record 3.30 Lakh
- •24-carat gold has surpassed the 1,56,000 rupee mark, with 10 grams costing 1.75 lakh rupees in Mumbai including GST and making charges.
- •Silver prices have also reached a record high of 3,30,100 rupees per kilogram.
- •Global market tensions, particularly between the US and the European Union over Greenland, are cited as the primary reason for the price surge.
- •Investors view gold as a safe asset during economic uncertainty and war, driving up demand and prices.
- •The wedding season budget of common people is significantly impacted by these escalating prices, with little chance of a drop soon.
Why It Matters: Gold and silver prices have hit record highs due to global tensions, impacting buyers during the wedding season.
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