Gold, Silver Prices Surge to Record Highs in India Amid Global Market Shifts

Gold and silver prices in India have reached new record highs amid ongoing global economic tensions and a depreciating Indian rupee. In Chennai, gold prices crossed Rs 10,000 per gram and Rs 80,000 per sovereign, marking a significant rise since the start of 2025, driven largely by US-imposed tariffs and currency depreciation. Similarly, in major cities including Ahmedabad and across Uttar Pradesh, gold rates surged, with 24-carat gold prices exceeding Rs 1,06,000 per 10 grams and silver prices reaching around Rs 1,25,000 per kilogram. Market experts attribute the rally to geopolitical uncertainties, including US tariff policies and expectations of US Federal Reserve interest rate cuts, which have increased demand for precious metals as safe-haven assets. Despite high prices, buying interest remains strong, although some traders note a decline in volumes due to the volatility impacting festival season demand. Consumers are advised to purchase only certified gold with Bureau of Indian Standards (BIS) hallmark to ensure authenticity amid fluctuating prices.