Gold prices cross ₹1.30 lakh as silver touches ₹2 lakh: Rising trend worries buyers

Despite strong festive and traditional demand, gold and silver prices in India continue to climb, leaving consumers worried and markets on alert.

Gold and silver prices across India continue their upward march, adding pressure on jewellery buyers who consider gold an important cultural and financial asset. On Thursday, the price of 24-carat gold surged past the ₹1,30,000 mark for 10 grams, while silver touched ₹2,01,100 per kg, marking one of the steepest phases of precious metal inflation in recent months.

In New Delhi, 24K gold was priced at ₹1,30,910 per 10 grams, while 22K was available at ₹1,20,100.

In Mumbai, the rates stood at ₹1,30,760 for 24K and ₹1,19,860 for 22K.

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Prices in Hyderabad and Vijayawada matched Mumbai’s rates, continuing the national trend.

Bengaluru also recorded ₹1,30,760 for 24K and ₹1,19,860 for 22K per 10 grams.

Silver prices have climbed equally sharply, maintaining a strong hold above ₹2 lakh per kg, adding further strain on households preparing for weddings, investments, or festive purchases.

Why Are Gold and Silver Prices Rising?

Analysts attribute the surge to multiple global factors. International demand for precious metals has increased significantly as investors look for safe assets amidst rising geopolitical tensions and financial uncertainty.

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A weakening US dollar has further strengthened gold’s position, as global markets typically move towards gold when currency performance falters. Combined with economic instability in several regions, investors worldwide are shifting funds toward gold and silver, pushing prices higher.

In India, where gold remains deeply tied to tradition, weddings, and long-term investment, these rising prices have left jewellery buyers concerned and uncertain about future affordability.