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 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
