Overview
- As of January 12, national benchmarks show gold around Rs 1,39,400 per 10 grams and silver near Rs 2,52,380 per kg.
- City quotes for 24-carat gold per 10 grams include Mumbai Rs 1,39,140, Delhi Rs 1,38,900, Bengaluru Rs 1,39,250, Chennai Rs 1,39,550, Hyderabad Rs 1,39,660 and Kolkata Rs 1,38,960.
- Silver strengthened more than gold, with city levels reported around Mumbai Rs 2,51,920 per kg, Delhi Rs 2,51,490, Chennai Rs 2,52,660 and Hyderabad Rs 2,52,320.
- Market participants point to global economic uncertainty, shifting interest-rate expectations, rupee movements and steady investment demand, with seasonal wedding buying providing additional support.
- Reports link the latest uptick to Department of Justice subpoenas involving Jerome Powell, while analysts flag continued sensitivity to US data, central-bank signals and liquidity conditions.