Gold Prices Surge for Third Consecutive Day, Cross ₹81,000 Mark

New Delhi, January 18 (H.S.): The domestic bullion market witnessed a continued upward trend in gold prices for the third consecutive day. Gold prices surged by ₹610 to ₹660 per 10 grams in today’s trading. Similarly, silver prices also registered a significant increase, rising by ₹1,100 per kilogram.

Due to this rally, 24-carat gold is now trading above ₹81,000, ranging between ₹81,280 and ₹81,430 per 10 grams in most major bullion markets. Meanwhile, 22-carat gold is priced between ₹74,510 and ₹74,660 per 10 grams. In tandem with gold, silver is trading at ₹96,600 per kilogram in the Delhi bullion market.

Gold Prices Across Major Cities

• Delhi:
  • 24-carat gold: ₹81,430 per 10 grams.
  • 22-carat gold: ₹74,660 per 10 grams.
• Mumbai:
  • 24-carat gold: ₹81,280 per 10 grams.
  • 22-carat gold: ₹74,510 per 10 grams.
• Ahmedabad:
  • 24-carat gold: ₹81,330 per 10 grams.
  • 22-carat gold: ₹74,560 per 10 grams.
• Chennai:
  • 24-carat gold: ₹81,280 per 10 grams.
  • 22-carat gold: ₹74,510 per 10 grams.
• Kolkata:
  • 24-carat gold: ₹81,280 per 10 grams.
  • 22-carat gold: ₹74,510 per 10 grams.
• Lucknow:
  • 24-carat gold: ₹81,430 per 10 grams.
  • 22-carat gold: ₹74,660 per 10 grams.
• Patna:
  • 24-carat gold: ₹81,330 per 10 grams.
  • 22-carat gold: ₹74,560 per 10 grams.
• Jaipur:
  • 24-carat gold: ₹81,430 per 10 grams.
  • 22-carat gold: ₹74,660 per 10 grams.

In Karnataka, Telangana, and Odisha, the rally in gold prices continued:

• Bengaluru, Hyderabad, Bhubaneswar:
  • 24-carat gold: ₹81,280 per 10 grams.
  • 22-carat gold: ₹74,510 per 10 grams.

Silver Prices Surge

Silver prices have also seen significant movement. In Delhi, silver is now trading at ₹96,600 per kilogram, reflecting a ₹1,100 surge from the previous trading session.

Market Outlook

The sharp increase in gold and silver prices is attributed to a combination of global market trends, a weaker rupee, and increased demand in the domestic market. Analysts predict that this upward trend may continue in the short term, driven by geopolitical uncertainties and seasonal demand.

Investors and traders are advised to monitor market trends closely as fluctuations in global and domestic factors may further influence bullion prices.