.jpeg)
Gold Prices Hit All-Time High in Delhi, Jump ₹4,000 to ₹1,37,600 per 10g
Gold Silver Price: Gold shatters all records! The price in Delhi rose ₹4,000 to an all-time high of ₹1,37,600 per 10 grams. Learn about this massive surge in the bullion market and the global reasons behind it.
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.
Want to get your story featured as above? click here!
Want to get your story featured as above? click here!
This year, the prices of Silver have appreciated by a staggering ₹1,09,800, or 122.41 percent, over the closing price of ₹89,700 per kilogram on December 31, 2024. In the international markets, spot gold prices rose for the fifth consecutive session, rising by ₹49.83, or 1.16 percent, to ₹4,350.06 per ounce.
In the last five sessions, the price of the yellow metal has risen by USD 159.32 or 3.80 per cent, surpassing USD 4,190.74 per ounce recorded on December 8. Praveen Singh, Research Analyst at Mirae Asset Sharekhan, said, "Spot gold trading is witnessing a positive trend as the Federal Reserve has not only cut interest rates amid high inflation but also increased liquidity in the system by buying Treasury bills."
Meanwhile, spot silver prices in overseas markets rose by USD 2 or 3.24 per cent to USD 63.96 per ounce. Silver had touched its all-time high of USD 64.65 per ounce on Friday.
