Gold Jumps 520, Silver Soars 3000: UP Prices Skyrocket from Lucknow to Kashi

• Gold prices in Uttar Pradesh saw a significant increase on January 17, with 24-carat gold rising by up to 520 rupees per 10 grams in Lucknow.
• Varanasi also experienced a second consecutive day of gold price hikes, with 24-carat gold reaching 1,43,930 rupees per 10 grams after a 410 rupee increase.
• 22-carat gold in Varanasi became 350 rupees more expensive, now at 1,31,950 rupees per 10 grams, while 18-carat gold jumped by 290 rupees.
• Silver prices surged dramatically by 3000 rupees per kilogram, reaching 2,95,000 rupees per kilogram.
• Santosh Kumar Agarwal, President of the Varanasi Bullion Association, noted that the sharp price increases have caused the market to collapse.

Why It Matters: Gold and silver prices in UP have seen a sharp increase, leading to market instability.