Gold, Silver, and Platinum Continue Steady Record Rally in Indian Markets

India’s bullion market witnessed extraordinary momentum today as gold, silver, and platinum prices surged to fresh record highs, reflecting strong global demand and currency movements.

Key Highlights

• Gold (24K): ₹1,59,226 per 10 grams (MCX intraday high)
• Silver: ₹21,000+ per kilogram, marking a sharp rally of nearly 42% in January alone
• Platinum: ₹3,650 per gram, extending gains alongside gold and silver (converted from global spot rates at USD/INR 91.61)

Rally driven by:

• Weakening US dollar index and easing geopolitical tensions
• Safe-haven demand amid global uncertainty
• Strong investor sentiment in commodities markets
• Regional impact: Prices in Mumbai, Delhi, Chennai, and Bengaluru remain consistently elevated, with India’s gold rates about 40% higher than Dubai due to import duties and local premiums

Sources: Economic Times, Navbharat Times, Times Now