Wed Feb 05 05:30:00 UTC 2025: ## Gold Prices Soar to Record High in India
**Chennai, India –** Gold prices in India have reached an all-time high, surging to ₹62,480 per 10 grams (₹62,480 per bhram) on February 4th, 2025, marking an increase of ₹840 in a single day. This latest spike follows a steady rise in prices throughout January and early February, driven by a confluence of international and domestic factors.
The price increase comes amid escalating global economic uncertainty. Gold prices have fluctuated throughout the past year, exceeding ₹59,000 per bhram during Diwali before experiencing a temporary dip. The price rose again sharply following the release of the Union Budget on February 1st, 2025, and has continued its upward trajectory. In the past ten days alone, the price has increased by over ₹2,000. The price of 24-karat gold reached ₹68,160 per bhram.
Jewellery merchants attribute the price surge to several factors, including increased import tariffs imposed by the US, contributing to a global economic conflict, and the lack of significant reductions in import duties on gold in the recent budget. Furthermore, global demand for gold remains high. These factors, combined with the ongoing international economic instability, are pushing prices upward.
The rising prices are causing concern among consumers planning weddings and other auspicious events that traditionally involve gold purchases.
Silver prices, meanwhile, saw a slight decrease, falling by ₹1 to ₹106 per gram on February 4th, 2025.
First Piper 