Gold prices climbed Rs 250 to scale yet another peak of Rs 1,13,000 per 10 grams in the national capital on Wednesday, buoyed by robust buying by central banks globally, a weak dollar, and lingering geopolitical uncertainties. So far this year, the precious metal prices have added Rs 34,050 or 43.12 per cent, surging from Rs 78,950 per 10 grams on December 31, 2024. According to the All India Sarafa Association, the precious metal had closed at Rs 1,12,750 per 10 grams, rallying by Rs 5,080 on Tuesday. On Wednesday gold of 99.5 per cent purity also appreciated by Rs 250 to hit a lifetime high of Rs 1,12,500 per 10 grams (inclusive of all taxes). "Gold continues to trade near record highs, supported by a weakening US dollar index, which has slipped to a seven-week low, and growing expectations of aggressive rate cuts in the coming months. "Additional strength has come from retreating US Treasury yields and rising geopolitical tensions in the Middle East region, though much of this
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,01,110
For Indian investors, gold remains a portfolio hedge while silver offers dual exposure to safe-haven flows and industrial growth.
India's finance minister said last week the RBI was taking a "very considered decision" to diversify reserves - which currently stands at about $694 billion dollars, the fourth-biggest in the world
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹99,340
Spot gold rose 0.9% to $3,617.79 per ounce at 1209 GMT after hitting a record high of $3,622.07 earlier in the session
Your favourite metals, silver and gold have dazzled markets yet again, with both hitting new milestones.
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹99,440
China's gold reserves stood at 74.02 million fine troy ounces at the end of August, up from 73.96 million at the end of July
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹98,660
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹97,940
The price of 22-carat gold increased ₹10, with ten grams of the yellow metal selling at ₹98,060
The 30-year Japanese government bond (JGB) yield hit an unprecedented 3.255% on Wednesday morning, following a run-up in similarly dated UK gilts and U.S. Treasuries on Tuesday
The price of 22-carat gold increased ₹10, with ten grams of the yellow metal selling at ₹97,260
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹97,060
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹96,190
The price of 22-carat gold climbed by ₹10, with ten grams of the yellow metal selling at ₹96,200
The price of 22-carat gold climbed by ₹10, with ten grams of the yellow metal selling at ₹94,060
The price of 22-carat gold climbed by ₹10, with ten grams of the yellow metal selling at ₹93,910
Silver prices surged by Rs 2,000 to hit a fresh peak of Rs 1,20,000 per kilogram in the national capital on Wednesday, as traders flocked to safe-haven assets after the steep US tariff on Indian products came into effect. According to the All India Sarafa Association, the white metal had rallied Rs 3,000 to Rs 1,18,000 per kg on Tuesday. In the national capital, gold of 99.9 per cent purity climbed by Rs 500 to Rs 1,01,270 per 10 grams (inclusive of all taxes) on Wednesday. The precious metal had settled at Rs 1,00,770 per 10 grams in the previous market close. Additionally, the yellow metal of 99.5 per cent purity appreciated by Rs 400 to Rs 1,00,800 per 10 grams (inclusive of all taxes) on Wednesday. It had finished at Rs 1,00,400 per 10 grams on Tuesday. "Gold and silver are continuing their upward trajectory amid increased political unpredictability following President Donald Trump's dismissal of Federal Reserve Governor Lisa Cook," Renisha Chainani, Head - Research at Augmont