Gold prices have reached unprecedented levels, with the rate for 10 grams of fine gold crossing ₹98,000. In Delhi, prices rose sharply by ₹1,650 in a single day, hitting ₹98,100, while Mumbai recorded a rate of ₹97,250 by 4:30 PM.
Silver prices followed a similar upward trend. A one-kilogram bar of silver jumped by ₹1,900 to touch ₹99,400, up from ₹97,500 the previous day.
Globally, gold prices soared to $3,318 per ounce, driven by ongoing economic uncertainties and global market pressures. Analysts attribute this rally to factors such as escalating trade tensions and tariff-related disruptions linked to former U.S. President Donald Trump’s policies.
Goldman Sachs has projected that domestic gold prices could climb as high as ₹1.25 lakh per 10 grams by year-end if current trends persist. With both precious metals in high demand as safe-haven assets, investors are watching closely as markets remain volatile.
Team Maverick.
