Gold Prices Soar: Rs 12,000 Hike in January, All-Time Highs Reached

• Gold prices have surged by approximately Rs 12,000 in January, with 24-carat gold increasing by Rs 12,390 in 20 days.
• Silver prices also saw a massive hike, with one kilogram increasing by Rs 73,000 in the last 20 days, reaching a new all-time high of Rs 3,30,000.
• In Hyderabad on January 20, 24-carat gold rose by Rs 1,040 per 10 grams, 22-carat by Rs 950, and 18-carat by Rs 780.
• Geopolitical uncertainty, including US-Iran tensions and trade war fears, is driving investors towards gold and silver as safe havens.
• Expectations of US Federal Reserve interest rate cuts and a weakening dollar are also contributing to the appeal of hard assets.

Why It Matters: Gold and silver prices are at all-time highs due to geopolitical tensions and economic uncertainty.