Gold prices have surged to new heights in Delhi, crossing ₹83,000 for 10 grams for the first time, driven by increasing demand amid global market uncertainties. The price of 10 grams of 99.9% pure gold rose by ₹200, reaching ₹83,100, according to the All India Sarafa Association. Meanwhile, gold with 99.5% purity also saw an increase of ₹200, reaching ₹82,700.
Silver prices have also seen an uptick, with the cost of one kilogram rising by ₹500. It now stands at ₹94,000, up from ₹93,500 in the previous trading session.
At the international level, gold continues to trade at $2,780 per ounce, while silver is priced at $31.32 per ounce.
The uncertainty surrounding U.S. President Donald Trump’s second term, particularly regarding tariffs and global economic policies, has contributed to the demand for gold as a safe-haven investment, according to Axis Securities research analyst Devay Gagalani.
Analysts, including Jatin Trivedi from LKP Securities, predict that future decisions on India’s upcoming budget and the U.S. Federal Reserve’s interest rates will likely influence the trajectory of gold prices in the bullion market.
