Gold Prices Hit Record High of ₹85200 Amid Geopolitical Tensions; Silver Prices Dip

Gold prices in India reached a record high of ₹85,200 per 10 grams on February 4, 2025, driven by geopolitical uncertainties and strong global demand. Meanwhile, silver prices dropped slightly, with 1 kg priced at ₹98,500. Analysts predict further fluctuations in gold prices, urging caution for investors due to market volatility.

CONTENTS:

• Gold Prices Surge Above ₹83,000: Global Rally Driven by Inflation Concerns, Safe-Haven Demand, and Central Bank Purchases
• Gold Prices Reach Record High of Rs 85,200 per 10 Grams Amid Geopolitical Uncertainty, Silver Prices Drop
• Gold Prices Decline Slightly on February 3, 2025; Silver Prices See Minor Drop Across Major Cities

Gold Prices Hit Record High of ₹85200 Amid Geopolitical Tensions; Silver Prices Dip

Gold Prices Surge Above ₹83,000: Global Rally Driven by Inflation Concerns, Safe-Haven Demand, and Central Bank Purchases

Gold Prices Hit Record High of ₹85200 Amid Geopolitical Tensions Gold prices in India have surged above ₹83,000 per 10 grams, driven by a global rally in gold prices. Spot gold reached nearly an all-time high of $2,830.49 per ounce. Several factors are contributing to this spike:

1. Global Inflation Concerns: The U.S. government’s tariff policies, particularly towards China, Mexico, and Canada, are raising inflation concerns, prompting investors to turn to gold as a safe haven in uncertain economic times.
2. Safe-Haven Demand: Market volatility, coupled with geopolitical risks, is pushing investors to gold as a secure asset, especially in light of unstable equity markets.
3. Central Bank Buying: A rise in gold purchases by central banks worldwide is helping sustain the upward price trend.
4. Dollar Index Movement: The U.S. dollar index, recently crossing the 109 mark, has affected commodities like gold, making it more attractive as the dollar weakens.
5. Supply-Demand Dynamics: A shift in bullion reserves from hubs like Dubai and Hong Kong to the U.S. is influencing gold’s price movements.

What’s next for gold prices? Analysts predict further fluctuations in gold prices, driven by upcoming U.S. economic data, including the ADP employment report and non-farm payroll data. These could influence the Federal Reserve’s approach to interest rates, impacting gold’s price direction.

Should you invest in gold now? Experts recommend a cautious approach to investing in gold, suggesting staggered buying for long-term investors, particularly in gold ETFs or sovereign gold bonds. While physical gold remains an option, buyers should be mindful of extra costs such as making charges and storage fees. Although gold’s price is likely to continue rising due to inflation, geopolitical risks, and central bank buying, investors should stay alert to fluctuations as global economic trends evolve.

Gold Prices Reach Record High of Rs 85,200 per 10 Grams Amid Geopolitical Uncertainty, Silver Prices Drop

Gold Prices Hit Record High of ₹85200 Amid Geopolitical Tensions On Tuesday, February 4, 2025, gold prices in India hit a new record high, with 24-carat gold priced at Rs 85,200 per 10 grams, marking an increase of Rs 1,150. International gold prices remained near their previous all-time high, trading at $2,810 per ounce.

Current gold prices in India:

• 22-carat gold: Rs 7,810 per gram
• 24-carat gold: Rs 8,520 per gram
• 18-carat gold: Rs 6,390 per gram

Gold Prices Hit Record High of ₹85200 Amid Geopolitical Tensions The price jump also reflects on larger quantities, with 22-carat 100 grams priced at Rs 7,81,000, up by Rs 10,500, and 24-carat 100 grams now at Rs 8,52,000, showing a rise of Rs 11,500. Similarly, 18-carat 100 grams increased by Rs 8,600, reaching Rs 6,39,000.

While gold is on the rise, silver prices are taking a dip. On Tuesday, silver is priced at Rs 98.50 per gram and Rs 98,500 per kilogram, showing a decrease of Rs 1,000 from the previous day.

In the international market, spot gold rose slightly by 0.3% to $2,820.69 per ounce, and U.S. gold futures fell by 0.2% to $2,852.70. Other precious metals like palladium, platinum, and silver also showed some increases.

Looking ahead, MCX Gold’s technical outlook remains bullish, with predictions suggesting that it could advance towards Rs 83,500-84,000 levels if it surpasses Rs 83,500. Support levels are seen at Rs 82,250-81,800.

Overall, gold is expected to maintain its upward momentum, driven by geopolitical uncertainties and global market volatility. However, market analysts suggest traders remain cautious, given the heightened volatility.

Gold Prices Decline Slightly on February 3, 2025; Silver Prices See Minor Drop Across Major Cities

Gold Prices Hit Record High of ₹85200 Amid Geopolitical Tensions On February 3, 2025, gold prices in India saw a slight decline. The price of 24-carat gold was Rs 84,653 per 10 grams in Delhi, and 22-carat gold was priced at Rs 77,613 per gram, both experiencing a decrease of ₹10 from the previous day. Over the past week, the price of 24-carat gold has dropped by 2.48%, and over the last month, it has fallen by 6.66%. Silver, on the other hand, is priced at Rs 102,500 per kilogram in India, showing a decrease of Rs 100 from the previous day.

In the southern cities, gold prices on February 3 were:

• Chennai: ₹84,501 per 10 grams
• Bangalore: ₹84,495 per 10 grams
• Hyderabad: ₹84,509 per 10 grams
• Visakhapatnam: ₹84,517 per 10 grams
• Vijayawada: ₹84,515 per 10 grams

Meanwhile, silver prices across major cities in the south were:

• Chennai: ₹109,600 per kg
• Bangalore: ₹101,500 per kg
• Hyderabad: ₹110,200 per kg
• Visakhapatnam: ₹108,600 per kg
• Vijayawada: ₹111,000 per kg

Gold Prices Hit Record High of ₹85200 Amid Geopolitical Tensions Gold and silver prices are influenced by various factors, including global demand, currency fluctuations, interest rates, and geopolitical events, which can all lead to fluctuations in the market.