Gold Prices Surge Across UP, Silver Plummets by ₹3000; Wedding Season Impact

• Gold prices increased by up to ₹270 per 10 grams across Uttar Pradesh on January 16, ahead of the wedding season.
• 24-carat gold in Varanasi rose by ₹220 to ₹1,43,520 per 10 grams; in Lucknow, it jumped by ₹270 to ₹1,45,570 per 10 grams.
• 22-carat gold in Varanasi became ₹200 more expensive, reaching ₹1,31,600 per 10 grams.
• Silver prices saw a significant drop of ₹3000 per kilogram, settling at ₹2,92,000 per kilogram.
• Fluctuations in gold and silver prices have led to a sharp decline in orders, with buyers awaiting price stabilization.

Why It Matters: Gold prices are rising across UP, while silver has seen a sharp decline, impacting market orders.