Gold and silver prices rise amid strong demand; Know what is today's price

Due of higher demand by stockists, gold price in the capital city Delhi on Monday increased by Rs 250 to Rs 99,020 per 10 grams. 99.5 percent pure gold increased by Rs 250 to Rs 98,550 per 10 grams (all taxes included). Meanwhile, the silver price increased by Rs 500 to Rs 1,11,000 per kg (all taxes included). The All India Sarafa Association has confirmed this.

Bullion traders said that the prices of precious metals rose due to the increase in demand. Globally, gold spot rose by $ 15.16 or 0.45% to $ 3,365.56 an ounce. Apart from this, silver spot rose by 0.73% to $ 38.47 an ounce in foreign markets.

Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities, said that gold rose on Monday amid uncertainties related to US tariff policy and a fall in the US dollar. This supported the prices of precious metals.

Gandhi further said that investors will keep a close eye on the US trade agenda as well as key US macroeconomic data. This includes provisional PMI data, weekly unemployment claims, and durable goods orders.

Jatin Trivedi, Vice President Research Analyst (Commodity & Currency), LKP Securities, said that investors will keep a close eye on the speech of US Federal Reserve Chairman Jerome Powell for further indications about the direction of interest rates and the direction of bullion prices in the near future.