Gold Prices Surge Past ₹83,000 Amid Bullish Trend in Indian Bullion Market

Gold Prices Rebound After Four-Day Decline

New Delhi, January 30 : After witnessing four consecutive days of decline, the domestic bullion market has rebounded with gold prices surging between ₹870 to ₹940 per 10 grams. Meanwhile, silver has seen a modest increase of ₹100 per kilogram.

This upward trend has pushed 24-carat gold prices to trade in the range of ₹82,860 ₹83,010 per 10 grams, while 22-carat gold is priced between ₹75,960 ₹76,110 per 10 grams. Silver prices have also seen a slight rise, currently trading at ₹96,400 per kilogram in Delhi’s bullion market.

Gold Prices
Gold Prices

Gold Price Trends in Major Indian Cities

📌 Delhi:

  • 24K Gold ₹83,010 per 10 grams
  • 22K Gold ₹76,110 per 10 grams

📌 Mumbai:

  • 24K Gold ₹82,860 per 10 grams
  • 22K Gold ₹75,960 per 10 grams

📌 Ahmedabad:

  • 24K Gold ₹82,910 per 10 grams
  • 22K Gold ₹76,010 per 10 grams

📌 Chennai:

  • 24K Gold ₹82,860 per 10 grams
  • 22K Gold ₹75,960 per 10 grams

📌 Kolkata:

  • 24K Gold ₹82,860 per 10 grams
  • 22K Gold ₹75,960 per 10 grams

📌 Lucknow:

  • 24K Gold ₹83,010 per 10 grams
  • 22K Gold ₹76,110 per 10 grams

📌 Patna:

  • 24K Gold ₹82,910 per 10 grams
  • 22K Gold ₹76,010 per 10 grams

📌 Jaipur:

  • 24K Gold ₹83,010 per 10 grams
  • 22K Gold ₹76,110 per 10 grams

📌 Bengaluru, Hyderabad, Bhubaneswar:

  • 24K Gold ₹82,860 per 10 grams
  • 22K Gold ₹75,960 per 10 grams

Factors Driving the Surge in Gold Prices

📈 Increased Demand in Bullion Markets The demand for gold jewelry and investment-grade bullion has surged, influencing market prices.

📈 Global Economic Trends & Inflation Hedging Gold is being sought after as a safe-haven asset amid economic uncertainties and inflation concerns.

📈 Fluctuations in U.S. Dollar & Interest Rates The weakening of the U.S. dollar and speculation over Federal Reserve rate cuts have further supported gold prices internationally.

📈 Geopolitical Tensions & Market Volatility Rising geopolitical risks and uncertainty in financial markets have led investors to turn to gold as a reliable store of value.

Gold Prices Surge Past ₹83,000 Amid Bullish Trend in Indian Bullion Market

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