"Gold prices surged by ₹4,000 to ₹1.06 lakh per 10 grams, while silver crossed ₹1.23 lakh/kg amid global uncertainty and rising demand. Experts predict further upside if trends continue."
The gold, on a high-spree, has reached a historic high of ₹91,000 this weekend amid the wedding season in March.
Amid gold rallying in international market, prices in the domestic market continue to rise as well. The depreciation in the rupee to the US dollar only adds to that.
The yellow metal surged nearly 11% thus far in CY25 to hit $2900 levels in the international market on Monday. The gold prices (SPOT) gained over 1% on the MCX to breach the Rs 85,000 mark per 10 grams.
As per the All India Sarafa Association, gold with 99.9 per cent purity reached a new record high of Rs 83,100 per 10 grams on Friday, up from Rs 82,900 on Thursday.
The NSE report states, “Gujarat outshined Uttar Pradesh and Maharashtra in Sep 2024, with more than 3 lakh new registrations, capturing 14% of the country’s total.
MCX Gold for December 5 expiry hit its fresh record high of ₹78,260 per 10 grams, while MCX Silver for Dec 5 expiry rose to a fresh all-time high of ₹98,224 per kg
According to data from the Ahmedabad Air Cargo Complex, gold imports in April 2024 stood at 3.5 metric tonne (MT)
Uttar Pradesh came second with 62 medals including 25 gold, 23 silver, and 14 bronze, while Tamil Nadu finished third with 20 gold, eight silver, and 14 bronze medals. Athletes from 32 states and Union Territories participated in the Games
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