Gold Rate Today: Gold Prices Surge to ₹80,000, Shocking Gold Enthusiasts

Gold prices have skyrocketed in the country, leaving gold enthusiasts stunned. The price of 10 grams of gold has reached an all-time high of ₹80,000. Let’s take a closer look at today’s gold rates across major cities, including Hyderabad.

Gold Prices Hit Record Highs

After starting the new year on a steady note, gold prices have witnessed a sharp rise. On Thursday, January 9, 2025, the price of 10 grams of:

24-carat gold is ₹80,050

22-carat gold is ₹77,850

What’s Driving the Price Surge?

The drastic rise in gold prices is attributed to global market conditions. Key factors include:

International Market Trends:

The price of gold in the US market is trading above $2,670 per ounce, marking a significant increase.

US Economic Concerns:

Unexpectedly weak economic data from the US has shaken investor confidence.

The looming shadow of a potential financial crisis is further fueling uncertainty.

These factors are prompting investors to shift their assets toward gold, traditionally considered a "safe haven." This surge in demand has caused a massive spike in gold prices globally, impacting rates in India as well.

City-Wise Gold Rates

Gold prices vary slightly across major Indian cities. Here's an overview:

Hyderabad: ₹80,050 (24-carat), ₹77,850 (22-carat)

Delhi: ₹80,100 (24-carat), ₹77,900 (22-carat)

Mumbai: ₹80,050 (24-carat), ₹77,850 (22-carat)

Stay updated with the latest trends and gold rates to make informed investment decisions.