Gold Prices Soar to Record Highs, Crosses ₹1.5 Lakh for First Time

• Gold prices have surged for the third consecutive day, with 24-carat gold reaching ₹1,49,790 per 10 grams and exceeding ₹1.5 lakh in some states.
• The price of 10 grams of 22-carat gold has also increased to ₹1,37,310.
• Reasons for the surge include Trump's tariff policy, international market turmoil, a weaker rupee, import duties, and gold's role as a safe-haven investment amid geopolitical tensions.
• In Delhi, 24-carat and 22-carat gold saw a ₹10 per gram increase on Wednesday, January 21.
• The record high prices are putting significant pressure on middle-class families, impacting wedding gold purchases.

Why It Matters: Gold prices hit an unprecedented high, crossing ₹1.5 lakh, driven by global and domestic factors.