Gold prices in India touched a lifetime high of Rs 1,05,670 per 10 grams in Delhi on Monday, continuing a six-day rally. The surge comes as investors reacted to expectations of a possible US Federal Reserve rate cut and rising global demand.
According to the All India Sarafa Association, 24-carat gold of 99.9% purity gained Rs 1,000 from Saturday’s level of Rs 1,04,670 per 10 grams. In the local market, gold of 99.5% purity also jumped Rs 800 to Rs 1,04,800 per 10 grams. Traders said investors are moving towards safe-haven assets amid global tariff worries and uncertain policies.
Silver too hit a fresh peak of Rs 1,26,000 per kg, rising Rs 1,000 in a single day. The metal has gained sharply in recent weeks, driven by industrial demand from clean energy and electronics sectors.
Trivesh D, Chief Operating Officer at Tradejini, said silver’s rally was also supported by the US Geological Survey proposal to classify it as a critical mineral.
On the Multi Commodity Exchange (MCX), the October gold contract added Rs 2,113, or 2.03%, to touch Rs 1,05,937 per 10 grams in morning trade. Experts expect volatility to continue in coming weeks.
