Gold prices in Delhi crossed the ₹1 lakh mark for 10 grams on July 22, marking a major jump in the bullion market. The sharp rise is largely due to strong buying by stockists, who are stocking up ahead of upcoming festivals and possible further price hikes. The increase also reflects global trends where uncertain economic conditions are pushing investors to move towards safe assets like gold and silver.
At the same time, silver prices also saw a significant rise of ₹3,000 per kilogram, trading around ₹98,500 per kg in major cities. Experts say this combined surge shows growing interest in precious metals both as a traditional investment and a protective asset during uncertain times.
A weaker dollar, global inflation concerns, and geopolitical tensions are some of the major factors influencing prices. In India, local factors such as festive demand, wedding season, and higher rural buying also contribute to the trend.
Jewellers and financial experts believe that gold could remain on the higher side in the coming months, and investors should keep a close watch on international cues. For those planning to buy or sell, this could be a crucial time to take informed decisions based on both domestic and global market signals.
