Surge in Gold and Silver Prices Amid Global Tensions
On January 7, 2026, gold and silver prices surged significantly in the domestic market, with gold increasing by ₹1560 per 10 grams and silver by ₹6000 per kilogram. This rise is attributed to growing geopolitical tensions and a shift in investor focus towards safe-haven assets. Major cities in Uttar Pradesh, including Lucknow and Meerut, reflected similar trends. Experts suggest that the ongoing USA-Venezuela crisis and other international events are influencing these price hikes. Discover the latest city-wise rates and the factors driving this increase in precious metal prices.
| Jan 7, 2026, 11:51 IST
Significant Rise in Precious Metal Prices
New Delhi/Lucknow, January 7, 2026: Due to escalating geopolitical tensions worldwide and a growing demand for secure investments, the domestic bullion market has witnessed a substantial increase in gold and silver prices today. The price of gold surged by ₹1560 per 10 grams, while silver climbed to ₹6000 per kilogram. This trend was also observed in major cities across Uttar Pradesh, from Lucknow to Meerut.
Experts indicate that the ongoing crisis between the USA and Venezuela, along with other international developments, is prompting investors to turn towards gold and silver, driving prices to record highs.
Current Rates by City (24 Carat Gold per 10 grams and Silver per Kilogram)
City-wise Latest Rates
- Lucknow: Gold – ₹1,40,360 (up by ₹1560), Silver – approximately ₹2,53,000 (up by around ₹6000)
- Meerut: Gold – ₹1,40,370 (up by ₹1560), Silver – similar upward trend
- Delhi: Gold – ranging from ₹1,38,980 to ₹1,41,500, Silver – ₹2,53,100
- Mumbai: Gold – nearly stable, Silver – over ₹2,50,000
- Varanasi: Gold – surpassing ₹1,40,000 with an upward trend
Factors Contributing to Price Increase
Reasons Behind Rising Prices
- Global uncertainty and safe-haven demand
- Weakness of the dollar and central bank purchases
- Industrial demand, particularly for silver