With the beginning of the new year, gold prices in the bullion market have created a new record. On Friday, 24-carat gold in the national capital Delhi surged to ₹1,39,470 per 10 grams, while 22-carat gold was recorded at ₹1,27,860 per 10 grams. The rise comes amid global economic uncertainty and ongoing geopolitical tensions, which have increased demand for gold as a safe-haven investment.

According to bullion traders, over the past few weeks investors have been shifting away from risk-prone markets toward gold. This change in sentiment is clearly reflected in the continuous rise in domestic gold prices.

Gold also remained strong in the international market. Spot gold was trading at $4,479.38 per ounce. Experts say that global political developments, fluctuations in the US dollar, and overall economic instability are providing strong support to gold prices.

Gold prices in other major cities across the country remained largely similar. In Mumbai, Chennai, Kolkata, and Hyderabad, 24-carat gold was priced at ₹1,39,320 per 10 grams, while 22-carat gold stood at ₹1,27,710 per 10 grams. In Ahmedabad and Bhopal, 24-carat gold was quoted at ₹1,39,370 per 10 grams and 22-carat gold at ₹1,27,760 per 10 grams. Prices in Jaipur, Lucknow, and Chandigarh were on par with those in Delhi.

According to data, gold prices have risen by more than 73 percent so far in 2025. Amid rising inflation and global uncertainty, gold continues to remain the preferred choice for investors.

Meanwhile, silver prices witnessed some softness. On Friday morning, silver fell to ₹2,48,900 per kilogram. In the international market, silver was trading at $76.92 per ounce. However, on a year-on-year basis, silver has still registered a sharp increase of nearly 164 percent so far.

Market experts believe that gold and silver prices in the coming days will depend on global developments and the movement of the US dollar. If international conditions remain unchanged, further upside in gold prices cannot be ruled out.