Amid global instability and rising demand for safe investments, gold prices have set a new record. In Delhi’s bullion market, the price of 10 grams of gold surged by ₹1,700 to reach ₹1,18,900. This sharp rise has pushed gold beyond the reach of ordinary citizens. In the international market too, gold has performed brilliantly, hitting a new high of $3,791.10 per ounce. Similarly, the white metal (silver) has also seen a significant surge, climbing by ₹3,220 to ₹1,39,600 per kg. Experts attribute this rapid rise to global demand, the depreciation of the rupee, and ongoing international tensions. With war-like conditions across the world, investors are turning to gold and silver as safe havens. Meanwhile, the increase in H-1B visa fees by the US is expected to hit the Indian IT industry, adding further pressure on foreign exchange. Indians’ love for gold is well-known, as it plays a vital role in cultural and traditional ceremonies”from naming ceremonies, thread rituals, and engagements to weddings. With both gold and silver becoming increasingly expensive, it seems unlikely that the path will become easier anytime soon.
