Gold prices in India have hit record highs. On Monday alone, the price of 10 grams of gold jumped by more than ₹9,700, crossing ₹1.30 lakh in Delhi. Silver too reached an all-time high, rising by ₹7,400 per kg to ₹1,57,400.
Experts say the sharp rise is due to multiple factors such as the possible US government shutdown, expectations that the Federal Reserve will cut interest rates, and ongoing global political tensions. Central banks around the world are also buying more gold, adding to the price surge.
In Delhi, 10 grams of pure gold now costs ₹1.30 lakh. In Hyderabad, Vijayawada, and Visakhapatnam, 10 grams of 24-carat gold is priced at ₹1,26,674, while 22-carat gold costs ₹1,16,117. In Mumbai, 24-carat gold stands at ₹1,20,770 for 10 grams, and 22-carat gold costs ₹1,10,770. Buyers m