Gold, Silver Prices Soar to All-Time Highs Amid Global Uncertainty

• Gold and silver prices have reached new all-time highs in January, driven by international developments and global economic uncertainty.
• In Hyderabad, 24-carat gold increased by Rs. 380 to Rs. 1,42,530, while 22-carat gold rose by Rs. 350 to Rs. 1,30,650 on January 13.
• Silver prices surged by Rs. 5,000 per kilo, reaching Rs. 2,92,000; one tola of silver is now Rs. 2,920.
• International gold is nearing $4600 per ounce, and silver has crossed $85 per ounce, fueled by political tensions.
• Domestic gold prices in India have increased by 77% this year, with the rupee's depreciation also contributing to the rise.

Why It Matters: Gold and silver hit record highs due to global uncertainty, political tensions, and rupee depreciation.