Gold in Delhi increased by ₹ 200 to a new record level of Rs 94350, silver fell by Rs 1000

Gold increased by Rs 200 to its new peak of Rs 94,350 per 10 grams in Delhi on Thursday following incessant purchases by jewelers and stockists. All India Sarafa Association provided this data.

This 99.9 percent purity precious metal remained stable at Rs 94,150 per 10 grams on Wednesday. Meanwhile, 99.5 percent purity gold increased for the fifth successive day by Rs 200 to Rs 93,900 per 10 gram. On the contrary, prices of silver fell by Rs 1,000 to Rs 1,00,500 a kg from Wednesday's close of Rs 1,01,500 a kg.

Meanwhile, gold futures in June on MCX went up by Rs 695 to an all-time high of Rs 91,423 a 10 gram. It later surrendered all its gain to slide by Rs 848 to Rs 89,880 a 10 gram.

Research analyst Jatin Trivedi, Vice President, Commodity & Currency, LKP Securities, said, "Gold witnessed an initial rise in the morning session on the back of reciprocal tariff impact but soon profit booking set in as tariff impact was largely factored in the prices."

In the international markets, spot gold fell by $43.39 or 1.38 per cent to $3,089.64 an ounce. It had hit a new peak of $3,167.71 an ounce on Wednesday after US President Donald Trump imposed tariffs on over 60 countries.

Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities, said, "Gold hit a new record high of $3,167 an ounce as risk aversion increased after President Trump's tariff decision."

Despite the initial gains, gold prices retreated from the record high and are currently trading lower due to profit booking by traders who had taken positions to hedge against the tariff hike announcement, Gandhi said.