Gold Rate Today Shocks Investors: 24K Hits ₹1.44 Lakh, Silver Crosses ₹2.5 Lakh
Gold prices in India witnessed a massive surge on Monday, December 29, leaving investors and buyers stunned. Precious metal prices are continuously breaking records, driven by strong global cues and economic uncertainty.
Today’s Gold & Silver Prices (December 29)
24 Carat Gold (10 grams): ₹1,44,135
22 Carat Gold (10 grams): ₹1,32,147
Silver Price (1 Kg): ₹2,53,922
Compared to yesterday, gold prices have risen sharply, continuing their record-breaking rally for over a week.
Gold Prices Hit Record Highs – What’s Driving the Surge?
The sharp increase in gold prices is largely influenced by developments in the international market.
Global Gold Market Impact
According to a Reuters report, gold prices in the US touched an all-time high of $4,530 per ounce (31.2 grams) last Friday.
This global surge directly impacted domestic gold markets, pushing prices to historic levels.
Interest Rate Cut Expectations Boost Gold
Market experts believe gold prices are climbing due to expectations that the US Federal Reserve may cut interest rates in 2026.
Reports suggest that the new Federal Reserve Chairman, expected to be appointed by US President Donald Trump, may adopt a dovish policy stance.
Lower interest rates typically weaken the dollar and make gold more attractive as an investment, further driving prices upward.
Falling Dollar Value Fuels Gold Demand
Another major reason for rising gold prices is the sharp decline in the US dollar.
The Dollar Index has fallen nearly 9%, marking its biggest drop since 2017.
When the dollar weakens, gold becomes cheaper for global buyers, increasing demand.
Stable 10-year US bond yields have also supported gold’s upward momentum.
Economic Slowdown Pushes Investors to Safe Assets
Concerns over a slowdown in the US economy, job losses, and weakening business activity are pushing investors toward safe-haven assets like gold.
Additionally:
Heavy losses in the US stock market
Rising geopolitical and economic uncertainty
All these factors are increasing gold’s appeal among investors.
Silver Price Skyrockets to Historic High
Not just gold—silver prices have also surged sharply.
Silver crossed ₹2.50 lakh per kg, reaching its highest level ever.
Strong demand across global metal markets, including platinum, is contributing to this rally.
Frequently Asked Questions (FAQ)
Q1. What is the gold rate today in India?
24 carat gold is priced at ₹1,44,135 per 10 grams, while 22 carat gold costs ₹1,32,147 per 10 grams.
Q2. Why are gold prices increasing so rapidly?
Gold prices are rising due to global market highs, falling dollar value, interest rate cut expectations, and economic uncertainty.
Q3. What is the silver price today?
Silver is priced at ₹2,53,922 per kg, the highest level in history.
Q4. Is it a good time to invest in gold?
Experts say gold remains a safe investment during economic instability, but investors should consider market volatility and long-term goals.
Conclusion
Gold and silver prices have entered uncharted territory, shocking markets and investors alike. With global uncertainty, a weakening dollar, and expectations of interest rate cuts, precious metals may continue their upward trend. Investors are advised to closely track market movements before making buying decisions.
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