Gold prices surged 0.83 per cent to Rs 1,59,070 per 10 gm, while silver climbed 2.4 per cent. Meanwhile, combined AUM of gold and silver ETFs crossed a record Rs 3 lakh crore in January, reflecting strong investor demand amid market volatility.
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Gold prices on Wednesday surged 0.83 per cent to Rs 1,59,070 per 10 gm for 24-carat gold. Silver prices also rose sharply by 2.40 per cent to Rs 2,59,078 per kg.
The combined assets under management (AUM) of gold and silver exchange‑traded funds (ETFs) touched record highs, crossing Rs 3 lakh crore in January, according to the data from the Association of Mutual Funds in India (AMFI).
As reported by news agency IANS, the surge marked a near‑threefold rise in five months from Rs 1 lakh crore in August 2025, driven by record investor inflows despite sharp price volatility.
Gold price in Mumbai
The prices of gold in Mumbai have been highly volatile since the last few days; after a marginal hike on Tuesday, the 24-carat gold on Wednesday surged by Rs 870 making the effective price at Rs 1,59,070 for 10 grams. On the other hand, the price of 22-carat gold in Mumbai stood at Rs 1,45,840 for 10 grams.
Gold ETFs
While the price of 24-carat gold soared all the way up to Rs 1.78 lakh last month, January also saw all-time high inflows, with gold ETFs recording inflows of Rs 24,039 crore and silver ETFs attracting Rs 9,463 crore, according to AMFI.
As reported by news agency IANS, the combined gold ETF inflows exceeded equity fund inflows of Rs 24,029 crore for the month. In December, combined inflows into gold and silver ETFs stood at Rs 15,609 crore, compared with Rs 28,055 crore into equity funds.
Analysts said the shift reflected a temporary reallocation by investors toward defensive assets amid moderation in inflows to equity mutual fund inflows due to macroeconomic uncertainty.
Stock market opens flat on Wednesday
After a marginal bull run on Tuesday, the Indian stock market on Wednesday entered a consolidation phase. The recent rally driven by the India-US deal finally consolidated the indices, and the market opened flat. However, the indices did register modest gains amid returning foreign inflows.
As reported by news agency ANI, the Nifty 50 index opened at 25,997.45, gaining 62.30 points, or 0.24 per cent. The BSE Sensex began the session at 84,339.15, up by 65.23 points, or 0.08 per cent.
Market experts said that the broader trend remains supportive despite the range-bound movement. Ajay Bagga, a banking and market expert, while talking to the media on Wednesday, said, "Expect consolidation. The softening of US yields (4.14 per cent) is a gift for EMs like India, as it eases pressure on the rupee (currently near 90.58). However, the "AI threat" narrative in global financials could weigh on Indian IT and banking stocks if the sentiment sours globally, as cited by ANI.
(With inputs from IANS)
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