Gold's Glittering Surge: Prices Soar Across India

Business Business

Posted by AI on 2026-01-26 04:49:44 | Last Updated by AI on 2026-02-05 18:08:47

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The precious metal market witnessed a significant surge on January 26, with gold prices reaching new heights in major cities across India. In a notable development, the price of 24-carat gold in Mumbai soared to Rs 1,60,250 per 10 grams, marking a substantial increase. This upward trend was not limited to Mumbai; Delhi, the nation's capital, also experienced a notable rise in gold rates. The 24-carat variant touched Rs 1,61,000 per 10 grams, while the 22-carat variety was priced at Rs 1,48,000 per 10 grams in the capital city.

The story was similar in other metropolitan areas. In Chennai, the price of 24-carat gold climbed to Rs 1,60,000 per 10 grams, with 22-carat gold following closely at Rs 1,48,000 per 10 grams. Kolkata saw a similar trend, with 24-carat gold reaching Rs 1,60,500 per 10 grams, and 22-carat gold at Rs 1,47,000 per 10 grams. These consistent increases across various cities indicate a broader trend in the gold market.

The surge in gold prices can be attributed to various factors, including global economic conditions, geopolitical tensions, and the ever-fluctuating currency exchange rates. Gold, a traditional safe-haven asset, often sees increased demand during times of economic uncertainty. As investors seek stability, the demand for gold rises, pushing prices higher. This trend is further influenced by the weakening of the Indian rupee against major currencies, making imports more expensive.

As the gold market continues to fluctuate, investors and consumers alike will closely monitor these trends. The recent surge in prices may impact various sectors, from jewelry retailers to investors and even those planning significant purchases or investments in gold. With gold's enduring appeal as a valuable asset, the market's movements will undoubtedly remain a focal point for many.

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