Big News! Gold becomes Costly, Prices Crossed Rs.1 Lac

There is a big news related to Gold and Silver prices in India. Gold price has crossed Rs.1 lac mark. In Delhi, the price of Gold is Rs.1,01,385 per 10g of 24k Gold. The price has finally crossed Rs.1 lac mark and it has created a debate across India. First let’s have a look at the price of Gold across various major cities in India.

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Why Are Gold and Silver Prices Increasing?

The recent increase in gold and silver prices is driven by a mix of international and domestic factors. Around the world, investors are becoming more cautious due to:

• Rising geopolitical tensions, especially in conflict-prone regions
• High inflation levels in major economies
• Fluctuations in currency markets, especially the weakening of the US dollar

These factors have led many investors to return to safe-haven assets like gold and silver, which are considered more stable during uncertain times.

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In the international market, gold was steady at $2,330 per ounce, while silver held at $29.40 per ounce. The prices have not changed much, but the demand for gold remains firm due to:

• Talks of possible interest rate cuts by central banks later this year
• Lower returns on US Treasury bonds, which makes gold more attractive
• A weaker US dollar, which boosts gold prices globally

Indian Demand and Festive Season Impact

In India, the festive and wedding seasons are key drivers of gold demand. People traditionally buy gold for religious, cultural, and investment reasons during these months. While the high price may stop some new buyers from making big purchases, demand is still strong in rural areas and among long-term investors.

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Dealers say that there is consistent buying from:

• Institutional investors
• High-net-worth individuals (HNIs)
• People looking to diversify their investments as the stock market remains volatile

Many buyers are also preferring to invest in gold through sovereign gold bonds (SGBs) and gold exchange-traded funds (ETFs), as these options offer safety without physical storage concerns.

Silver Sees Steady Demand from Industry

Silver is not just a precious metal for investment—it also plays a major role in industries like:

• Electronics
• Solar panels and renewable energy
• Automobile and medical devices

Because of this dual role, silver has benefited from improving industrial demand, especially as green energy projects continue to expand globally.

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What Are Experts Saying?

Market analysts believe that:

• Gold may trade close to ₹1,01,000 per 10 grams in the coming days.
• Internationally, gold could face resistance around the $2,350 per ounce level.
• Silver might experience more noticeable price movements, thanks to its industrial use.

Experts suggest that gold and silver are still smart choices for investors looking for stability. With global uncertainty, inflation pressures, and potential geopolitical shocks, precious metals offer a good way to protect wealth and balance risk in portfolios.