Gold prices in Delhi witnessed a sharp rise on Tuesday, January 21, tracking the strong rally seen in international bullion markets amid heightened global uncertainty and safe-haven buying.
As per the latest available data, 24-carat gold in Delhi is trading at Rs 1,65,537.90 per 10 grams, registering a gain of Rs 7,521.10, or nearly 4.8%, compared to the previous session. The surge comes as gold prices globally scaled fresh record highs, supported by geopolitical tensions, a weaker US dollar, and continued demand from investors seeking safety.
The rise in domestic gold prices also reflects the movement in global spot gold prices, which climbed above $4,800 per ounce, alongside currency fluctuations. Market participants remain cautious as geopolitical developments, particularly tensions involving the US and Europe, continue to influence risk sentiment across asset classes.
Local gold prices may vary slightly depending on jewellers, making charges, and applicable taxes. The rates mentioned are indicative and do not include GST or making charges.
With gold maintaining its bullish momentum, traders and investors are closely watching global cues, currency movements, and upcoming macroeconomic data for further direction.