New Delhi, February 5: After a brief dip over the past two days, gold prices in the Indian bullion market have witnessed a sharp surgepushing 24-carat gold past ₹85,000 per 10 grams and 22-carat gold above ₹78,000 per 10 grams. The price hike ranges between ₹1,070 to ₹1,170 per 10 gramsreflecting strong momentum in the domestic gold market.
As a result, most major bullion markets across the country are trading 24-carat gold between ₹85,210 and ₹85,360 per 10 gramswhile 22-carat gold is priced between ₹78,110 and ₹78,260 per 10 grams.
However, silver prices have fallen by ₹900 per kilogrambringing the metal’s price to ₹98,400 per kg in the Delhi bullion market.
Similar trends have been observed in Karnataka, Telangana, and Odishawhere gold prices have risen sharply. The capital cities of these states—Bengaluru, Hyderabad, and Bhubaneswar—are witnessing:
The latest surge in gold prices can be attributed to increased demand in the domestic and international marketsas well as global economic uncertainties influencing gold as a safe-haven asset. With the wedding and festive season in full swingdemand for gold remains strong in Indiafurther supporting the price rally.
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