Gold price crosses ₹1.50 lakh for the first time; silver nears ₹3.20 lakh, rupee hits all-time low

What happened: Gold surged to a record ₹1,54,227 per 10 grams, crossing the ₹1.50 lakh mark for the first time; silver jumped to ₹3,19,097 per kg.

• Why it matters now: Rising global uncertainty and a weaker rupee have intensified demand for safe-haven metals.

• What changes for people: Jewellery buyers face higher costs, while investors may shift toward gold ETFs and sovereign gold bonds.

• Who is affected: Households, bullion traders, jewellers, importers and anyone planning major purchases for weddings.

Gold breaks historic barrier as global volatility boosts demand

India’s bullion market witnessed a major milestone as the price of gold climbed to ₹1,54,227 per 10 grams, marking the first time it has crossed the ₹1.50 lakh level. The latest surge came after a single-day jump of ₹6,818, reflecting heightened investor interest in safe assets amid global economic concerns.

Silver followed a similar trend, rising ₹9,752 to hit ₹3,19,097 per kg, inching close to the ₹3.20 lakh mark.

Rupee slips to record low, adding pressure on metal prices

The Indian rupee weakened to 91.73, its lowest level ever, making imports costlier. Since India relies heavily on gold and silver imports, a weak currency naturally pushes metal prices upward.

Market analysts say the rupee’s continued slide has become a key driver behind the fresh rally in bullion.

Why are gold and silver rising sharply?

1. Global geopolitical tensions

Safe-haven buying has surged as uncertainties rise across global markets. Investors worldwide have shifted funds from equities to precious metals.

2. Higher international gold rates

Spot gold prices in global exchanges have been climbing steadily due to recession fears and central bank buying.

3. Domestic currency impact

A weaker rupee means higher import bills, which directly lifts gold and silver prices in Indian markets.

Impact on consumers and traders

Jewellers expect wedding season purchases to be hit as buyers delay or scale down purchases. On the other hand, gold ETFs and sovereign gold bonds may attract more retail investors looking for stable returns.

Traders say the market may continue to remain volatile in the coming weeks.