Gulte Movie News And Politics
Gold prices in India have hit record highs. On Monday alone, the price of 10 grams of gold jumped by more than ₹9,700, crossing ₹1.30 lakh in Delhi. Silver too reached an all-time high, rising by ₹7,400 per kg to ₹1,57,400.
Experts say the sharp rise is due to multiple factors such as the possible US government shutdown, expectations that the Federal Reserve will cut interest rates, and ongoing global political tensions. Central banks around the world are also buying more gold, adding to the price surge.
In Delhi, 10 grams of pure gold now costs ₹1.30 lakh. In Hyderabad, Vijayawada, and Visakhapatnam, 10 grams of 24-carat gold is priced at ₹1,26,674, while 22-carat gold costs ₹1,16,117. In Mumbai, 24-carat gold stands at ₹1,20,770 for 10 grams, and 22-carat gold costs ₹1,10,770. Buyers must also pay extra for GST and making charges.
Globally, gold crossed 3,900 dollars per ounce on Monday, reaching a record high of 3,924 dollars before stabilizing at 3,922. In the past few months, international gold prices have risen by nearly 50 percent, and experts believe they could climb further to around 4,800 dollars per ounce, marking another 26 percent increase.
Jewellers say that everyday buyers are now hesitating to purchase gold due to these steep prices, leading to a drop in sales. Many customers are choosing other forms of jewelry instead.
Analysts caution buyers to be careful, as gold prices can fluctuate quickly. Those buying at current record levels could face losses if prices fall in the coming months.
