Gold Prices Hit Record High in Delhi, Surge by ₹1,300
Gold prices in Delhi have reached a new record high. According to the Sarafa Bazaar, both gold and silver prices increased by ₹1,300, setting historic levels.
The price of 99.9% pure gold rose to ₹90,750 per 10 grams, up from ₹89,450 on Thursday. Similarly, 99.5% pure gold increased to ₹90,350 per 10 grams. Silver also saw a sharp rise, reaching ₹1,02,500 per kg from ₹1,01,200. So far this year, gold prices have increased by ₹11,360 (14.31%). Over the last three years, gold has given investors an average annual return of 17%.
Experts say the price rise is due to global economic uncertainty, concerns over US tariffs, and expectations that the US Federal Reserve may lower interest rates. Central banks are also buying more gold, increasing its demand. Many investors are turning to gold as a safe option due to uncertain US trade policies. If global instability continues, experts believe gold prices may soon reach ₹1 lakh per 10 grams.
Interestingly, while gold prices have surged in Delhi’s spot market, gold futures prices in India’s Multi Commodity Exchange (MCX) and New York’s COMEX have declined. The bullion market was closed on Friday for Holi but reopened on Monday with strong gains.
