There is no decrease in the speed of gold prices. If we look at the data, the price of gold in the country’s capital Delhi is seeing an increase of about 8,000 rupees in 8 trading sessions. Also, prices have reached the new record. This sequence is not visible only in the spot market of Delhi. Rather, gold prices are also seeing a rise in foreign markets. Because of which the new record has reached the level. On the other hand, the futures market of the country is also seeing a boom on the Multi Commodity Exchange and prices have reached the record level.
According to experts, the increase in gold prices is not going to stop in the coming days. Trump tariff has created an atmosphere of uncertainty among investors. Because of which they are demanding safe havan. On the other hand, Fed is also considering cutting interest rates. This is also one of the reasons that the prices of gold are increasing. According to experts, the price of gold can be seen further in the coming days. Let us also tell you how much the price of gold has been done.
Gold became expensive on 8th day in Delhi
The cost of relaxation of interest rates by Fed, rising geopolitical stress and increasing concerns about American economy rose by Rs 1,000 to Rs 1,07,070 per 10 grams in a new record level of Rs 1,07,070 per 10 grams. The special thing is that the price of gold has increased on the 80th consecutive day. According to the All India Bullion Association, gold with 99.9 per cent purity closed at Rs 1,06,070 per 10 grams on Tuesday.
In the Delhi market, Gold, with 99.5 per cent purity, continued to rise in the eighth consecutive season and reached a new record level of Rs 1,06,200 per 10 grams (including all taxes) with a gain of Rs 1,000. In the last market session, it closed at Rs 1,05,200 per 10 grams. Meanwhile, according to the association, silver prices remained stable at Rs 1,26,100 per kg (including all taxes) on Wednesday, which is its highest level so far.
How expensive it became in 8 days
In 8 days, there has been a lot of increase in gold prices. In the Delhi bullion market, the price of gold has increased by about 7 thousand rupees. The special thing is that in the current year, the price of gold has increased by more than 28 thousand rupees. On 31 December 2024, the price of gold in Delhi was at Rs 78,950 per ten grams. This means that gold is shocked to give 36 percent returns in Delhi. If we talk about silver, then Delhi has seen more increase than gold. If we look at the data, silver gold in Delhi has given more than 40 percent returns in the current year. The price of gold in Delhi has come to Rs 1.26 lakh.
Gold also made records in international market
If we talk about the international market, then gold prices are seen stating the records. If you look at the data, gold on the comex has reached the life time high with $ 3,549.62 per on. On the other hand, the price of gold future has crossed the level of $ 3600. During the trading session, the price of gold future witnessed more than $ 26 per on Ous and the prices reached the new record level with $ 3,618.50 per on. In foreign markets, the prices of gold spots have seen more than 35 percent in the current year. According to experts, after the decision of Fed, there will be further increase in the prices of gold.
Gold prices rise in MCX
Gold prices are seeing a boom on the country’s futures market Multi Commodity Exchange. Looking at the data, during the business session, the price of gold increased by Rs 880 and prices came to Rs 1,06,672 per ten grams. Looking at the data, gold prices were opened at Rs 1,06,199 on Wednesday. Whereas on the day of A. Gold prices closed at Rs 1,05,792. On the other hand, the prices of silver are also increasing. For the first time in the country’s futures market, silver prices have crossed the level of Rs 1.25 lakh. On Tuesday, silver appeared on a record high with Rs 1,25,341. In the coming days, there can be further increase in silver prices.
Why is the price of gold rising rising?
Chintan Mehta, CEO of Absimed Financial Services, said that gold prices are increasing continuously due to the strong investment demand by the Federal Reserve, increasing geopolitical stress and increasing concerns over the US economy. Mehta said that at the end of this week, OPEC+ will meet. While there are concerns about the supply of Russia.
The recent attack on Ukraine has affected 17 percent of the Russian oil processing capacity, due to which the oil prices have jumped back from the recent low. He further said that this can affect inflation figures, dollars can be weak and gold can be supported.
Ventura’s Commodity and CRM chief NS Ramaswamy said that the speed of precious metal is not limited to the rescue against inflation, as American Fed is preparing to start cutting interest rates with rising inflation. Ramaswamy said that the yellow metal is being supported by the US Federal Reserve expected to cut interest rates this month and uncertainty about President Donald Trump’s tariff policies.
Will the price of gold increase?
He said that the focus of the market has been focused on the US unemployment and non-agricultural employment data issued this week, which can support gold together with expectations of interest rate cuts. In this rapid rise of gold, profit booking will not happen soon. Soumil Gandhi, Senior Analyst (Commodities) of HDFC Securities, said that the US administration has announced its intention to request the Supreme Court to take a quick decision in connection with the tariff, as an American appeal court had declared tariffs illegal last week. The growing uncertainty in the market and potential business stress has promoted metal demand for safe investment.