Gold prices touched a historic peak, creating fresh records in both international and Indian markets. Driven by strong global demand and economic uncertainty, gold crossed the $5,000 mark per troy ounce for the first time. The surge pushed domestic prices sharply higher, impacting buyers across major Indian cities, including Hyderabad.
In the international bullion market, gold climbed to an all-time high above $5,000 per troy ounce. Analysts attribute the rally to continued geopolitical tensions, a weaker dollar outlook, and growing investor interest in safe-haven assets. Central bank buying and expectations of future interest rate cuts have also added momentum to the precious metal’s rise.
Reflecting the global trend, gold prices in India jumped significantly. The price of 24-carat gold reached ₹1,61,950 for 10 grams, marking one of the highest levels ever recorded in the domestic market. Meanwhile, 22-carat gold also saw a sharp increase, trading at ₹1,48,450 per 10 grams. The rapid rise has surprised retail buyers and jewellers alike.
Hyderabad witnessed similar trends, with gold rates aligning closely with national prices. Jewellers in the city reported cautious customer sentiment, as many buyers postponed purchases, hoping for a correction. Despite this, investment demand remains steady, especially from long-term investors who view gold as a reliable hedge against inflation and market volatility.
Silver prices also remained elevated. In Hyderabad, the price of silver continued to hover around ₹3.87 lakh per kilogram. Although silver has not matched gold’s pace in percentage terms, industrial demand and global cues have supported its price stability at higher levels.
Market experts believe the current rally could continue in the near term if global uncertainties persist. However, they also caution that short-term corrections are possible due to profit booking at record levels. Investors are advised to track international cues, currency movements, and central bank policies before making fresh purchases.
With wedding season demand expected in the coming months, any further increase in gold prices could directly impact jewellery sales. For now, gold’s record-breaking rally has firmly placed it at the centre of investor attention, reinforcing its status as a preferred safe-haven asset during uncertain times.
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