Gold At New Record High, Silver Crosses Rs 3 Lakh: City-Wise Rates On January 19
Gold and silver prices surged on Monday, January 19, as investors across global markets rushed towards safe-haven assets amid escalating geopolitical tensions. The rally followed fresh uncertainty triggered by US President Donald Trump’s warning of additional tariffs on European countries over the control of Greenland, unsettling risk sentiment worldwide.
In India, the sharp rise was reflected across key cities. In Mumbai, 24-carat gold climbed to Rs 1,45,690 per 10 grams, while 22-carat gold was priced at Rs 1,33,550 per 10 grams. These rates do not include GST and making charges. Silver also hit a fresh all-time high, touching Rs 3,05,100 per kg in the spot market.
Global Markets Mirror The Rally
The upward momentum was equally strong in international markets. Spot gold rose 1.5% to $4,663.37 per ounce by 0335 GMT, after briefly touching an all-time high of $4,689.39 per ounce earlier in the session. US gold futures for February delivery also jumped 1.6% to $4,669.90 per ounce.
The spike came after Trump reiterated his stance on imposing a series of escalating tariffs on European allies unless the United States is allowed to buy Greenland, intensifying an already tense diplomatic standoff involving Denmark and the European Union.
Europe Prepares Response As Tensions Rise
European Union ambassadors reportedly reached a broad agreement on Sunday to intensify efforts aimed at dissuading Trump from imposing tariffs. At the same time, EU officials are preparing retaliatory measures should the proposed duties move forward.
In India, the sharp rise was reflected across key cities. In Mumbai, 24-carat gold climbed to Rs 1,45,690 per 10 grams, while 22-carat gold was priced at Rs 1,33,550 per 10 grams. These rates do not include GST and making charges. Silver also hit a fresh all-time high, touching Rs 3,05,100 per kg in the spot market.
Global Markets Mirror The Rally
The upward momentum was equally strong in international markets. Spot gold rose 1.5% to $4,663.37 per ounce by 0335 GMT, after briefly touching an all-time high of $4,689.39 per ounce earlier in the session. US gold futures for February delivery also jumped 1.6% to $4,669.90 per ounce.The spike came after Trump reiterated his stance on imposing a series of escalating tariffs on European allies unless the United States is allowed to buy Greenland, intensifying an already tense diplomatic standoff involving Denmark and the European Union.
Europe Prepares Response As Tensions Rise
European Union ambassadors reportedly reached a broad agreement on Sunday to intensify efforts aimed at dissuading Trump from imposing tariffs. At the same time, EU officials are preparing retaliatory measures should the proposed duties move forward.Next Story