Gold Price Soars: 24-Carat Crosses ₹1.40 Lakh/10g in Delhi, Mumbai; Silver Also Jumps

• 24-carat gold in Delhi reached ₹140,180 per 10 grams on December 27; Mumbai also crossed ₹1.40 lakh.
• International spot gold price hit a new peak of $4,530.42 per ounce.
• Domestic gold prices have surged 80.24% this year, with analysts predicting continued upward trend in 2024.
• Goldman Sachs forecasts gold to reach $4,900 per ounce by December next year, driven by central bank buying.
• Silver prices also jumped to ₹240,100 per kilogram, up 163.5% this year, due to strong demand and decreasing supply.

Why It Matters: Gold and silver prices are soaring, with experts predicting continued upward trends due to strong demand.