Priyanka
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Gold, deeply embedded in India's culture and economy, continues its upward trend. Since Donald Trump assumed the U.S. presidency, gold prices have consistently risen. Maintaining this momentum, gold has once again surpassed ₹88,000 per 10 grams. On Thursday, silver also recorded a substantial price increase.
Gold Prices Firm in Domestic and International Markets
According to the Delhi Bullion Market and All India Bullion Association, gold prices are strengthening globally. As a result, the domestic market witnessed a rise of ₹140, bringing the price to ₹88,100 per 10 grams. On Wednesday, 24-carat gold had closed at ₹87,960 per 10 grams.
Jewelry Gold Also Becomes Costlier
Not only has 24-carat gold surged, but 22-carat (99.5% pure) gold also saw an increase of ₹140, reaching ₹87,700 per 10 grams from ₹87,560 the previous day. Commenting on this upward trend, Saumil Gandhi, Senior Analyst at HDFC Securities, mentioned that gold prices have reached a new high amid ongoing market fluctuations. Reports of U.S. President Donald Trump imposing new tariffs have further fueled demand for the yellow metal.
Silver Prices Witness a Steep Rise
Silver prices have also climbed sharply. On Thursday, silver prices increased by ₹800, reaching ₹98,000 per kilogram, up from ₹97,200 on Wednesday. Meanwhile, gold futures for April on the Multi Commodity Exchange (MCX) rose by ₹364 to ₹85,845 per 10 grams, while silver futures increased by ₹191 to ₹95,693 per kilogram.
Global Market Trends
In the international market, gold prices rose by $15.90 per ounce, reaching $2,944.60 per ounce. Silver also experienced a rise, touching $2,916.76 per ounce.
