The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 80,710
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 80,360
Gold price jumped by Rs 900 to revisit the all-time high of Rs 89,400 per 10 grams in the national capital on Wednesday amid strong global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 88,500 per 10 grams in the previous trading session. On February 14, it rallied by Rs 1,300 to hit a lifetime high of Rs 89,400 per 10 grams in the local markets. So far this year, price of gold has surged Rs 10,010 or 12.6 per cent to Rs 89,400 per 10 grams as compared to Rs 79,390 grams on January 1. Additionally, the yellow metal of 99.5 per cent purity rallied by Rs 900 to reclaim its all-time high level of Rs 89,000 per 10 grams. It had closed at Rs 88,100 per 10 grams in the previous session. According to experts, gold extended its gain on Wednesday, buoyed by safe haven demand and persistent buying amid President Trump's new tariff threats, combined with rising geopolitical uncertainty. Silver price also increased by Rs 600
Silver is expected to push higher should gold rise to record highs. The grey metal is up around 15 per cent this year
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 79,710
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 79,410
The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 78,890
As long as Silver continues to hold above $30 (Rs 88,000), we look for a target of $35 (Rs 103,000) in the coming months
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 79,810
The price of 22-carat gold dipped Rs 10, with ten grams of the yellow metal selling at Rs 79,390
The metal peaked at $32.25 in the Asian session and slumped to $31.25 in the US session before recovering sharply in the wake of the Fed Chair Powell's speech
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 80,110
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 79,810
The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 79,440
The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 79,290
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 79,310
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 79,060
Support for Silver is at $31.77 (Rs 94,000) /$31.11 (Rs 92,000). Resistance is $32.55 (Rs 96,300)/$33.45 (Rs 99,000)
China imposed tariffs on US imports in a swift response to new US duties, escalating the trade war between the world's top two economies even as Trump offered reprieves to Mexico and Canada
The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 77,040