Gold Price Soars: Nears 1.5 Lakhs, Silver Hits 2.75 Lakhs Amid Global Uncertainty

• Gold prices surged significantly, with 24-carat gold in Hyderabad rising by Rs. 1,150 to Rs. 1,40,460 on January 10.
• Silver also saw a sharp increase of Rs. 7,000 per kilogram, reaching Rs. 2,75,000.
• International gold prices crossed $4500 per ounce, driven by global economic uncertainty and political tensions.
• Strong demand for safe-haven assets, US interest rate cuts, and a weaker dollar contributed to a 67% global gold price increase this year.
• Domestic gold prices in India rose by 77% this year, outperforming the Nifty 50 index, influenced by international rates, import duties, and currency changes.

Why It Matters: Gold and silver prices are surging globally and domestically due to economic uncertainty and safe-haven demand.