Gold Prices Surge to Rs 1.03 Lakh

Gold prices jumped by Rs 800 on January 10 (Saturday), reaching the Rs 1.03 lakh level. The precious metal is now being sold at Rs 1,03,200 per sovereign (8 grams) and Rs 12,900 per gram, after a rise of Rs 100 per gram.

On January 9, the price of 22-carat gold was Rs 1,02,400 per sovereign and Rs 12,800 per gram.

Gold prices have increased sharply compared to last year. On January 10, 2025, gold was priced at Rs 58,280 per sovereign (Rs 7,285 per gram). In just one year, the price has gone up by Rs 44,920, or about 77%.

Meanwhile, silver prices also rose. On January 10, silver was sold at Rs 275 per gram (Rs 2,75,000 per kg), up by Rs 7 from Rs 268 per gram the previous day.

Analysts say the rise in gold and silver is due to a mix of global demand, inflation, and changes in international commodity markets, making precious metals a popular choice for investors.