Gold Crosses Rs 1.5 Lakh, Silver Soars 39% Amid Wedding Season & Geopolitical Tensions

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News18•20-01-2026, 17:53
Gold Crosses Rs 1.5 Lakh, Silver Soars 39% Amid Wedding Season & Geopolitical Tensions
- •Gold futures hit a record Rs 1.52 lakh per 10 grams, jumping Rs 7,000 in one session.
- •Silver reached an unprecedented Rs 3.27 lakh per kilogram, surging 39% since January 1.
- •The price hike is attributed to strong international market gains, a weaker rupee, and safe-haven demand.
- •Geopolitical tensions, including a potential US-Europe trade war and Trump's Greenland bid, fuel the surge.
- •Comex gold futures surpassed $4,700 per ounce, while silver futures crossed $95 per ounce.
Why It Matters: Gold and silver prices hit record highs due to wedding season demand, global tensions, and a weak rupee.
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