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Gold prices rallied for a fifth straight session, rising Rs 110 to Rs 80,660 per 10 grams in the national capital on Monday, according to the All India Sarafa Association. The precious metal had settled at Rs 80,550 per 10 grams in the previous session on Friday. In the past five trading sessions, gold prices appreciated Rs 1,660, or 2.1 per cent, to Rs 80,660 per 10 grams. The price of gold of 99.5 per cent purity rose Rs 110 to Rs 80,260 per 10 grams against the previous close of Rs 80,150 per 10 grams on Friday. "Gold prices advanced as the rupee weakened by touching 86.61, driven by elevated crude oil prices. The rise in crude prices came on the back of fresh sanctions imposed on Russia by US President Joe Biden, escalating geopolitical tensions," Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, said. The rupee logged its steepest single-day fall in nearly two years and ended the session 58 paise down at its historic low of 86.62 (provisional) .
Gold prices rose Rs 250 to Rs 80,550 per 10 grams in the national capital on Friday as rupee hit record low amid consistent buying from retailers and stockists, according to the All India Sarafa Association. The precious metal ended the previous session at Rs 80,300 per 10 grams. However, silver traded flat at Rs 93,000 per kg on Friday. The price of gold of 99.5 per cent purity continuing to shine bright for the fourth straight session by appreciating Rs 250 to Rs 80,150 per 10 grams. It had finished at Rs 79,900 per 10 grams on Thursday. Traders said the rise in gold prices at local market is also propelled by robust overseas demand. Meanwhile, the rupee declined 14 paise and touched the crucial 86-mark for the first time against the US dollar on Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. On a weekly basis, gold prices surged Rs 1,550, or 2 per cent, to Rs 80,550 per 10 grams, while silver shot up 2.5 per cent to
The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 71,510
The Fed cut rates by 25 basis points on Dec. 18, although the central bank's predictions of fewer rate cuts in 2025 resulted in a decline in gold prices to their lowest level since Nov. 18 last week
The price of 22-carat gold also jumped Rs 10, with ten grams of the yellow metal selling at Rs 71,000
The price of 22-carat gold also stumbled Rs 10, with ten grams of the yellow metal selling at Rs 72,290
The price of 22-carat gold also stumbled Rs 10, with ten grams of the yellow metal selling at Rs 71,140
The price of 22-carat gold dipped Rs 10, with ten grams of the yellow metal selling at Rs 70,790
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 71,460
Despite gold trading significantly below its record high, a shift toward precious metals in China has not been noticed yet, said Hugo Pascal, a precious metals trader at InProved
"Gold will be torn between the risk of rising inflation, potentially slowing the pace of US rate cuts, as tariffs are rolled out and continued demand for safe haven assets," said Ole Hansen, head
The price of 22-carat gold also witnessed a drop of Rs 10, with ten grams of the yellow metal selling at Rs 73,840
The price of 22-carat gold also witnessed a drop of Rs 10, with ten grams of the yellow metal selling at Rs 73,140
In Delhi, the price of ten grams of 22-carat gold stood at Rs 73,740 and in Bengaluru, and Chennai, ten grams of 22-carat gold was trading at Rs 73,590
The price of 22-carat gold also witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 71,610
The price of 22-carat gold also witnessed a decline of Rs 10, with ten grams of the yellow metal selling at Rs 70,290
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 68,810
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 67,160
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,940
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,690