Gold prices surged by Rs 450 to reach a new record high of Rs 64,300 per 10 grams in the national capital on Monday, driven by strong global trends, as reported by HDFC Securities. The precious metal had previously settled at Rs 63,850 per 10 grams in the last trade. Meanwhile, silver prices remained unchanged at Rs 80,200 per kilogram.
According to Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, “Gold prices continued to climb on Monday, reaching a record high of Rs 64,300 per 10 grams, marking an increase of Rs 450, in line with the bullish trend in overseas markets.”
In international markets, gold was trading at USD 2,077 per ounce, while silver saw a decrease to USD 25.40 per ounce. Comex gold, on the other hand, reached an all-time high of USD 2,146 per ounce in Asian trading hours, driven by heightened geopolitical tensions in the Middle East.
Overall, gold prices continue to surge, propelled by global trends and geopolitical factors, signaling a potentially lucrative investment opportunity for buyers.
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