Gold Rate Today, Jumps to A New High : Gold prices have once again reached a new record. On Thursday, the price of gold in the national capital was recorded at Rs 82,900 per 10 grams, which is the highest level till date. In this way, gold has now registered a rise for the seventh consecutive trading session. Experts believe that the positive trend in global markets and increase in local demand are the main reasons for the continuous rise in gold prices.
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gold price in delhi
According to All India Bullion Association, on Thursday the price of gold in the capital Delhi increased by Rs 170 to Rs 82,900 per 10 grams. Earlier on Wednesday, this price had closed at Rs 82,730. In one year, gold prices have increased by 32.17 percent i.e. Rs 20,180. In February 2024, this price was Rs 62,720 per 10 grams.
Renisha Chainani, Research Head, Augmont, says, “The strengthening of the US dollar globally and US President Donald Trump’s new tariff proposal have boosted gold prices. Due to his policies, investors are turning to safe assets.” Has moved towards.”
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fall in silver
While there has been a rise in the price of gold, there has been a decline in the price of silver. Silver weakened by Rs 500 to Rs 93,500 per kg. Silver futures also recorded a decline of 0.46 percent and closed at Rs 91,522 per kg.
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Gold movement in the coming days
Analysts believe that gold prices may increase further in the coming days. Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities, said, “Gold prices are currently under some pressure due to the US dollar and treasury yields, but from a long term perspective this bullishness may continue.” According to Pranav Mer, Vice President, JM Financial Services, “The reason for the rise in gold prices is the increasing demand for safe investments and uncertainty about American policies. If we look at it from a technical point of view, gold is getting strong support on the downside at Rs 79,250.” Is.”
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Gold status at global level
In the international market, Comex gold futures fell by $ 13.20 an ounce to $ 2,757.70 an ounce. However, the ongoing instability in global markets and increasing interest of investors in safe investments has supported gold.
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What will be the effect of American tariff?
According to experts, the US tariff on Mexico, the largest producer of silver, may also have an impact on prices. Chainani said, “If tariff is imposed on silver, it can affect prices. Traders in the market are keeping an eye on the upcoming policy meeting of the Federal Reserve, which will be held on January 29. This will provide more clarity on the direction of prices. Will get it.” Overall, gold prices are continuously making records and experts believe that this trend may continue further. Factors like global market, strength of US dollar and local demand are influencing gold prices.
