Wed Feb 05 14:29:32 IST 2025: ## Gold Prices Soar to Record Highs in India
**Hyderabad, India (February 5, 2025)** – Gold prices in India have reached an all-time high, causing significant concern for consumers, particularly with the ongoing wedding season. The price surge, which has been ongoing for the past week, saw 24-karat gold increase by ₹1,040 to ₹87,000 per 10 grams, and 22-karat gold rise by ₹950 to ₹79,050. Silver also saw a price increase, reaching ₹97,302 per kilogram.
Experts attribute this dramatic increase to several factors. The ongoing US-China trade war, coupled with falling stock markets, is driving investors to seek refuge in gold. The current wedding season is also fueling demand, further escalating prices. Analysts predict that if this trend continues, gold prices could soon surpass ₹100,000 per 10 grams.
The price increases are impacting consumers across major Telugu-speaking cities like Hyderabad, Vijayawada, and Visakhapatnam, where the prices reflect the national trend. The significant jump in gold prices is causing considerable anxiety among those planning to purchase gold jewelry.
First Piper 