Gold Price Crosses ₹1 Lakh Mark for First Time in India
Gold prices in India have reached an unprecedented milestone, setting a new historical record. As the price of gold has climbed to its highest level ever, the bullion market witnessed 24-carat gold crossing the ₹1,00,000 mark for the first time. This unexpected spike is having a significant impact on consumers, particularly those intending to buy gold for auspicious occasions.
Domestic gold prices continue their upward trajectory without pause. The sharp surge witnessed in recent days reached a historic level on Tuesday. In bullion market trading today, gold prices rose dramatically.
The price of 24-carat pure gold increased by ₹3,000 per 10 grams today, pushing its market rate to ₹1,01,350. Similarly, the price of 22-carat gold rose by ₹2,750, bringing it to ₹92,900 per 10 grams. Notably, this surge was recorded within a single day. Market sources indicated that these same rates are being observed in major cities across the Telugu states, including Hyderabad, Vijayawada, and Visakhapatnam.
Meanwhile, silver prices are also remaining at elevated levels. On Monday, the price of silver increased by ₹1,000 per kilogram and held steady today. The current price of silver in the bullion market is ₹1,01,000 per kilogram. However, in the major cities of the Telugu states, the price stands at ₹1,11,000 per kilogram.
These details were based on gold rates recorded across various bullion trading websites as of 10:00 AM today. With this unusual and steep rise in gold prices, purchasing gold has become increasingly burdensome for ordinary and middle-class consumers.
