Gold Prices Soar: Delhi Hits 1.62 Lakh, Mumbai Rates Revealed

• Gold prices have surged significantly after Republic Day, making it unaffordable for many.
• On January 27, 24-carat gold in Delhi reached a historic high of 1,62,110 rupees per 10 grams.
• The price hike is causing distress for customers planning weddings and festivals, impacting their budgets.
• Silver prices have also increased, reaching 3,60,100 rupees per kilogram.
• Experts predict further increases, with Societe Generale estimating $6,000 per ounce and Morgan Stanley targeting $5,700.

Why It Matters: Gold prices hit historic highs, causing concern for buyers but delighting existing investors.