Gold Prices Hit Record Rs.85,300 per 10 Grams Amid Rising Demand
Gold Prices Hit Record Rs.85,300 per 10 Grams Amid Rising Demand
Gold prices surged by ₹400, reaching a new high of ₹85,300 per 10 grams in the national capital on Monday. This increase is due to strong demand from jewellers and stockists, according to the All India Sarafa Association.
Traders say the price rise is linked to the falling rupee and strong global market trends. On Saturday, gold with 99.9% purity was priced at ₹84,900 per 10 grams. Similarly, gold with 99.5% purity continued its upward trend for the fourth day in a row, rising by ₹400 to ₹84,900 per 10 grams.
Silver also gained for the fifth straight session, increasing by ₹300 to ₹96,000 per kg from ₹95,700 per kg.
On Monday, the rupee dropped by 55 paise, hitting a record low of 87.17 against the US dollar. This decline followed the US government’s decision to impose tariffs on Canada, Mexico, and China.
In the futures market, gold for April delivery on MCX rose by ₹461 (0.56%) to ₹82,765 per 10 grams. On Saturday, gold futures for April delivery jumped by ₹1,127 to a record ₹83,360 per 10 grams, coinciding with the Union Budget 2025-26 announcement by Finance Minister Nirmala Sitharaman.
Silver futures for March delivery also rose by ₹436 (0.47%) to ₹93,650 per kg.
However, in the global market, Comex gold futures fell by $7.50 per ounce (0.26%), settling at $2,827.50 per ounce.
