Gold, Silver Prices Soar: New Records Set in January Amid Global Uncertainty

• Gold prices surged by Rs. 30,000 per 10 grams in January, with silver reaching Rs. 4 lakhs per kilogram, setting new historical records.
• In Hyderabad, 24-carat gold increased by Rs. 3,220 to Rs. 1,65,170, and 22-carat gold rose by Rs. 2,950 to Rs. 1,51,400 on January 28.
• Silver prices jumped by Rs. 13,000 per kilogram, reaching Rs. 4,00,000, with a one tola price of Rs. 4,000.
• The rally is fueled by geopolitical uncertainty, central bank gold stocking, economic volatility, and fears over US trade policies.
• Investors await the Federal Reserve's policy decision on January 28, with expectations of potential interest rate cuts later in the year.

Why It Matters: Gold and silver hit unprecedented highs in January due to global economic and geopolitical uncertainties.