Gold Prices Soar: 24K Crosses ₹1.47 Lakh Amid Geopolitical Tensions

• Gold prices surged sharply on January 20, making the precious metal more expensive for consumers.
• The increase is attributed to geopolitical tensions, particularly US President Donald Trump's threat regarding Greenland, driving investors to gold as a safe haven.
• Trump's tariff policy is also contributing to the continuous rise in gold and silver prices.
• In Delhi, 24-carat gold increased by ₹10 per gram, with a two-day rise of ₹2,470 per ten grams.
• Globally, gold rose over 2% to $4,682 per ounce, and silver increased by 3.79% to $93 per ounce.

Why It Matters: Gold prices are surging due to geopolitical tensions and safe-haven demand, making it more expensive.