Gold Soars Near Rs 1.60 Lakh/10G

2026-01-21 03:14:55

(MENAFN- Kashmir Observer) New Delhi- Extending the record-breaking rally, gold prices surged to a new high near Rs 1.60 lakh per 10 grams in the national capital on Wednesday, while silver scaled a fresh peak of Rs 3.34 lakh per kg amid a worldwide chase for safe-haven assets.

According to the All India Sarafa Association, the precious metal of 99.9 per cent purity soared by Rs 6,500, or 4.24 per cent, to Rs 1,59,700 per 10 grams (inclusive of all taxes).

On Tuesday, gold breached the crucial Rs 1.5 lakh-per-10-gram milestone in the national capital for the first time.

Silver prices also continued their blistering jump for the ninth consecutive day and hit a fresh record in the local bullion market. The white metal skyrocketed by Rs 11,300 to Rs 3,34,300 per kilogram (inclusive of all taxes) on Wednesday.

The metal closed Rs 20,400 higher at Rs 3,23,000 per kilogram in the previous market session.

“Gold and silver hit new record highs on Wednesday, witnessing a record-breaking rally that was driven by persistent safe-haven demand and strong inflow into gold-and silver-backed exchange-traded funds,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

He added that both metals were traded at a noticeable premium in the domestic market compared with international prices due to tight supply conditions, robust investment demand, and a weaker rupee.

MENAFN21012026000215011059ID1110632848

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.