Gold Pries Suried ₹ 2,700 to Scale a new peak of ₹ 1,18,900 per 10 grams in the national capital amid sustained sustained global demand for the safe-han asset when what Rupee Touching A New Low Facing the BRUNTTE OS H1b Visa fee hike.
According to the all India Sarafa Association, The Yellow Metal of 99.9 per cent purity had closed at ₹ 1,16,200 per 10 grams in the previous market session.
In the Local Bullion Market, Gold of 99.5 per cent purity rallied ₹ 2,650 to Hit a record high of ₹ 1,18,300 per 10 grams (including of all taxes). It had settled at Rs 1,15,650 per 10 grams on Monday.
Traders said the rupee’s steep fall against the us dollar added to the rally of the precious metal.
So far in this year, Gold Pries have added ₹ 39,950 per 10 grams, or 50.60 per cent, rallying from ₹ 78,950 per 10 grams on December 31, 2024.
Silver prices also Skyrocked by ₹ 3,220 to Hit An All-Time High of ₹ 1,39,600 per kilogram (inclusive of all taxes) on taxday. The white metal had ended at ₹ 1,36,380 per kg in the previous session.
Silver Price Have Risen ₹ 49,900 per kilogram or 55.63 per cent in the current calendar year, Skyrocketing from Rs 89,700 per kg on December 31, 2024.
“In the Delhi Markets, The Spot Gold Price (24 Carats) is Trading at Another Record High from the Previous Close. Senior Analyst – Commodities at HDFC Securities.
On Tuesday, The Rupee Depreciated 47 Paise to Hit An All-Time Low of 88.75 Against the Us Dollar, Amid Sustained Outflow of Foreign Funds on the back of a steep hike in us in us heb visit Give a big blow to Indian it services expenses.
In the International Markets, Spot Gold Rose more than 1 per cent to Hit a record high of $ 3,791.10 per oounce.
“Spot gold surged to a fresh all-time high of $ 3,791 per Once on Tuesday, Driven by Mounting Expectations of More Us Rate Cuts in 2025 And News that china is positioning its Sovereign Gold Reserves, “Kaynat Chainwala, AVP Commodity Research, Kotak Securities, Said.
Chainwala further stated that Momentum in Precious Metal Pries was Alredy Building from Friday, when exchanges-traded funds added 8.61 lakh troy Onces of Golds to Holdings, The biggest one January 2022.
SPDR Gold Trust Reported A 0.60 per cent increase in holdings to 1,000.57 tonnes, the highest level in Over three years, reinforcing bully.
Renisha Chainani, Head – Research at augmont said: “Gold pris7 a new record high driven by expectations that the us federal reserve (fed) May Lower Rates furthe this year.”
Last Week, The Fed Announced Its first rate cut of the year and hinted that more to come as the labore market deterirates. As a result, markets priced in nearly two additional 25 Basis point cuts at the central bank’s remain meeting meetings this year, chainani said.
“Strong Central Bank Purchases, Consistent ETF Inflows, and Persistent Geopolitical Risks Also supported safe-han flows, “She added.
Spot silver was trading 0.57 per cent higher at $ 44.32 per oaunce.
“Silver Hovered Above $ 44 per oounce as Several Fed Officials Urged Caution on Further Rate Cuts, Citing Signs of Stabilising Inflation, While New Governor Stephen Miran Warned the centi Policy Tightness and Risking The Labor Market without Deeper Easing, “Said Jigar Trivedi, Senior Research Analyst at Reliance Securities.
According to Praveen Singh, Head of Commodities and Currencies at Mirae Asset Sharekhan, The Fed Chair Jerome Powell’s Speech and Us PMI Numbers will be closely monitored by in the day for Further insights on the monetary policy direction.
“There may be some profit booking as Chair Powell May Not Sound too dovish and PMIS may be ressuring,” Singh said.
Published on September 23, 2025