Gold Rate Hits All-Time High: Gold prices have reached alltime high due to strong bounce in demand before the budget. Gold has reached a historic high of Rs 83750 per 10 grams due to heavy purchases being done by jewelers and retailers. In the last trading session, the price of gold with 99.9 percent purity was closed at Rs 82,840 per 10 grams. All India Sarafa Association has given this information.
Since January 1, 2025, gold has increased from Rs 79,390 per 10 grams to Rs 4,360 to Rs 83,750 per 10 grams. After a two -day fall, gold with 99.5 percent purity rose by Rs 910 to a new level of Rs 83,350 per 10 grams. On Tuesday, it closed at Rs 82,440 per 10 grams. The price of silver rose by Rs 1,000 to Rs 93,000 per kg, which was Rs 92,000 per kg on the previous trading day.
In futures trading on MCX, gold has reached a new high of Rs 80517 with a rise of Rs 228 for the February deal. The house of Rs 81098 per 10 grams has reached the month of April. Gold prices have risen due to the boom in the dollar index and the data of weak consumer demand in the US. Globally, gold futures in the commodity market have been stable at $ 2,794.70 an ounce.
Senior analyst (commodity) of HDFC Securities, Soumil Gandhi said, “Gold rose on Wednesday. The reason for this, traders are preferring safe investment in view of President Donald Trump’s expected Tariff Scheme.” “The market stakeholders are waiting for the decision of the interest rate policy of the US Federal Reserve (Fed), the vice -president of LKP Securities, Jatin Trivedi, said Jatin Trivedi said. Although there is no possibility of immediate interest rate cut, it will be important to determine the next direction of gold, further guidance. ”
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