There is a tremendous rise in the prices of gold and silver in the country. On Friday, gold reached a new highest level of ₹ 92,150 per 10 grams in Delhi’s bullion market. Earlier, gold with 99.9% purity closed at ₹ 91,050 per 10 grams in the previous trading session.
Gold prices rise in third consecutive session
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99.9% purity gold: ₹ 92,150 per 10 grams (₹ 1,100 gained)
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99.5% purity gold: ₹ 91,700 per 10 grams (₹ 1,100 gained)
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35% increase in gold in the last one year (₹ 68,420 to ₹ 92,150 per 10 grams)
Silver prices also close to record level
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Silver rose by ₹ 1,300
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New price: ₹ 1,03,000 per kg
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Record High on 19 March 2025: ₹ 1,03,500 per kg
What is the reason behind the boom of gold and silver?
according to experts:
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Global trade war growing concerns
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Trend towards safe investment from economic instability and inflation
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Trade tension between America, European Union and Canada
Senior analyst of HDFC Securities Saumil Gandhi said, “Gold has strengthened due to global trade war and economic uncertainty.” Research analyst of LKP Securities, Jatin Trivedi, said that due to the implementation of new counter duty from April 2, the concern of investors has increased.
Gold also at record level in international market
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Hazar Gold: $ 3,086.08 per ounce
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Comex Gold Futures: $ 3,124.40 an ounce
According to Kotak Securities, due to global instability, investors are getting attracted towards gold, causing its prices to reach new heights continuously.
The post is a tremendous rise in gold and silver prices – gold ₹ 92,150 per 10 grams first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
