Gold Nears ₹1.6 Lakh, Silver Soars: What's Driving the Price Surge?

• Gold prices are approaching ₹1.6 lakh per 10 grams, with 24-carat gold at ₹1,54,300 per 10 grams and silver at ₹3,24,900 per kilogram as of January 23, 2026.
• Globally, gold reached $4,951.47 per ounce and silver $97.85 per ounce, marking a fifth consecutive rise for gold.
• Key factors driving the price hike include a weak US dollar, easing geopolitical tensions, and gold's status as a 'safe-haven' asset.
• In India, additional demand from the wedding season, investment, and ETF inflows are contributing to the price increase.
• Despite higher prices, digital gold and SIP-style investments are gaining popularity among Indian investors.

Why It Matters: Gold and silver prices are surging due to global economic factors and strong domestic demand in India.