Gold Prices Hit All-Time High in Delhi, Jump ₹4,000 to ₹1,37,600 per 10g

Gold prices in the national capital were up by ₹4,000 on Monday, with a record high of ₹1,37,600 in 10 grams, consistent with international trends. This was affirmed by the All India Sarafa Association. The price of 10 grams of this precious metal with 99.9 percent purity stood at ₹1,33,600 on Friday.

Jatin Trivedi, Vice President, Research Analyst, Commodity and Currency Segment, LKP Securities, said, "International spot gold prices moved towards the US$4,350 level, leading to a strong rally in the domestic market, further boosting gold prices." He further added that the yellow metal witnessed a sharp rise, reflecting global strength, and touched a new lifetime high. Earlier, on October 17, gold prices had risen by Rs 3,200 to reach an all-time high of Rs 1,34,800 per 10 grams.

Trivedi further added, "This move was driven by increased safe-haven demand and expectations surrounding upcoming US economic data, including non-farm payrolls and the core PCE price index, to be released this week. The focus has now shifted entirely to US macro cues, which are expected to remain volatile."

Gold prices in the ongoing calendar year have surged by ₹58,650, or 74.3 percent, from ₹78,950 per 10 grams on December 31, 2024. However, silver prices remained constant at ₹1,99,500 (including all taxes), an official in an association stated.