Gold prices soared to a record high of Rs 64,300 per 10 grams in Delhi on Monday, marking an increase of Rs 450, according to HDFC Securities. This surge is attributed to strong global trends in the precious metal market. In the previous session, gold had settled at Rs 63,850 per 10 grams.
While gold prices experienced a significant boost, silver prices remained unchanged at Rs 80,200 per kilogram.
HDFC Securities’ Senior Analyst of Commodities, Saumil Gandhi, stated, “Gold prices extended gains on Monday, trading at a record high of Rs 64,300/10 gram, up by Rs 450 following a bullish trend in the overseas markets.”
Internationally, gold was trading higher at USD 2,077 per ounce, with silver down at USD 25.40 per ounce. Comex gold hit a new all-time high on Monday, reaching an intra-day high of USD 2,146 per ounce in Asian trading hours due to increased geopolitical tension in the Middle East, according to Gandhi. Spot gold at Comex was trading at USD 2,077 per ounce, up USD 6 from its previous close. This jump in gold prices was driven by the heightened geopolitical uncertainty in the Middle East.
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