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The Economic Times

Economy / The Economic Times

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Gold at 1.59 lakh per 10 gm: Jewellers halt purchases as sales fall 70%

Gold and silver prices have reached unprecedented levels. This surge is driven by global geopolitical unrest, a weaker US dollar, and anticipation of interest rate reductions by the US Federal Reserve. Investors are increasingly turning to these precious metals as safe havens. Consequently, demand for physical gold jewelry has seen a significant drop, with consumers opting for investment-based gold purchases.

27 Jan 2026 11:36 pm