NEW DELHI: Gold prices rose by Rs 850 to a fresh high of Rs 70,050 per 10 grams on Thursday, driven by strong global indices. This is the second session in a row where prices have hit record highs. In earlier trades, the price of the precious metal was Rs 69,200 per 10 grams.
Silver also rose by Rs 1,000 to Rs 81,700 per kg. It was Rs 80,700 per kg in the previous session. “Spot gold (24 carat) prices were higher by Rs 850-70,050 per 10 grams in Delhi markets, while overseas markets saw a fluctuating trend,” said Shomil Gandhi, senior analyst at HDFC Securities.
In international markets, COMEX spot gold traded at $2,297 per ounce, up $22 from its previous close. Gold hit another all-time high after Federal Reserve Chairman Jerome Powell confirmed that interest rate cuts would be needed sometime this year. Gandhi said traders are focusing on interest rate cuts, not when the first price cut will occur. Agencies
At Haveri Bazaar, 24-carat gold prices are expected to rise to Rs 70,000 per 10 grams and touch Rs 72,000. Customer sentiment will be tested on April 9 at Gudi Padwa. Traders expect further growth.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
