Business Standard

Gold prices surge 2% to hit new record as investors rush for safety

Crude oil and silver follow suit, metals recover on LME following China's favourable trade policy

gold
Premium

Gold

Dilip Kumar Jha Mumbai
Gold prices in India jumped by over 2 per cent on Monday following global moves to de-escalate geo-political tensions in the Middle East which multiplied with the US bombing in Iran.

Standard gold in Mumbai's Zaveri Bazaar jumped to trade at Rs 40,678/10g on Monday as compared to Rs 39,931/10g at its previous close on Friday. Silver price also moved up to trade at Rs 47,955/kg on Monday versus Rs 47,330/kg on Friday.

Gold in India was up nearly 4 per cent in two trading days Friday and today.

Global investors have been investing aggressively in gold as a safe

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in