Gold Crosses Rs 1.55 Lakh, Silver Above Rs 3.25 Lakh Amid Global Tensions

• Gold prices surged past Rs 1.55 lakh per 10 grams, and silver exceeded Rs 3.25 lakh per kg on January 21, driven by safe-haven demand.
• International market trends, a softer dollar, and geopolitical tensions, including US President Donald Trump's pursuit of Greenland, contributed to the bullion rally.
• On MCX, gold for February 2026 contracts rose 3.53% to Rs 1,55,886 per 10 grams, while silver for March 2026 contracts increased 0.69% to Rs 3,25,903 per kg.
• In the Mumbai spot market, 24-carat gold hit a record high of Rs 1,54,800 per 10 grams, and silver reached Rs 3,25,100 per kg.
• Factors like international rates, import duties, taxes, and exchange rate fluctuations primarily influence gold prices in India.

Why It Matters: Gold and silver prices soared to record highs due to safe-haven demand amid rising global geopolitical tensions.