Gold Prices Soar Beyond ₹90,000 for the First Time in India
Gold prices in India surged to an all-time high, crossing the ₹90,000 mark per 10 grams for the first time. In the Hyderabad bullion market, the price of 10 grams of pure gold (99.9% purity) reached ₹90,450, setting a new record. Silver prices also saw a sharp rise, with the price per kilogram reaching ₹1.03 lakh.
The steep rise in gold prices is driven by global economic uncertainties, including fears of an economic slowdown in the United States. Since Donald Trump assumed office as the U.S. President, trade tensions have escalated, with increased tariffs and economic policies fueling instability in global markets. As a result, investors are shifting their focus towards gold as a safe-haven asset, further pushing prices upward.
In the international market, the price of an ounce (31.10 grams) of pure gold has surged to $2,983. This increase in global prices has had a direct impact on domestic markets, leading to record-breaking gold rates in India.
