Feeling the pinch as gold prices surge past ₹1 lakh? You’re not alone. With global tensions and market volatility, gold rates are hitting record highs—leaving many of us wondering: Should I invest now or wait it out?
Why Are Gold Prices Surging?
Gold has always been a safe haven during uncertain times—and right now, uncertainty is everywhere. Here’s what’s pushing prices up:
- Global Tensions: The Iran-Israel conflict has investors flocking to gold, driving demand (and prices) higher.
- Market Volatility: Stock markets are shaky, making gold a preferred backup for nervous investors.
- Inflation Hedge: With rising costs everywhere, people are turning to gold to protect their savings.
Today’s Gold Rates: What You Need to Know
Here’s the latest breakdown for 10 grams of gold in major Indian cities (as of today):
| City | 24K Gold (₹) | 22K Gold (₹) |
|---|---|---|
| Delhi | 1,01,660 | 93,200 |
| Mumbai | 1,01,510 | 93,000 |
What’s Next for Gold?
Analysts say the rally isn’t over yet. With elections, geopolitical risks, and inflation still in play, gold could stay strong. But—always stay updated. Markets change fast.
FAQs: Your Gold Questions Answered
Will gold prices drop soon?
Unlikely in the short term. Global tensions are still high, and demand is up.
Is 24K or 22K gold better for investment?
24K (pure gold) is best for value, but 22K is more durable for jewelry.