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Gold And Silver Prices
Gold prices jumped by Rs 250 to Rs 89,350 per 10 grams on Tuesday extending gains for the second day amid depreciation in rupee, according to the All India Sarafa Association. The gold of 99.5 per cent purity rose by Rs 250 to Rs 88,950 per 10 grams from the previous close of Rs 88,700 per 10 grams. On February 20, gold of 99.9 per cent and 99.5 per cent purity hit all-time highs of Rs 89,450 and Rs 89,050 per 10 grams, respectively. However, silver prices slipped below the Rs 1 lakh mark, falling by Rs 500 to Rs 99,500 per kg. "Silver fell due to weakness in the industrial metals and rebound in the dollar index. Global equity markets are also struggling due to Trump's tariff fears and pressure on industrial metals but reversal in the US Treasury yields could support silver prices at lower levels," Rahul Kalantri, VP Commodities at Mehta Equities Ltd, said. On Tuesday, the rupee fell sharply by 51 paise to settle at 87.23 (provisional) against the US dollar due to month-end dollar
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