Gold prices skyrocketed by Rs 5,080 to hit an all-time high of Rs 1,12,750 per 10 grams in the national capital on Tuesday in line with strong global trends.
According to the All India Sarafa Association, gold of 99.9 per cent purity had closed at Rs 1,07,670 per 10 grams on Monday.
Silver prices also surged by Rs 2,800 to hit a record high of Rs 1,28,800 per kilogram (inclusive of all taxes) on Tuesday. The precious metal had settled at Rs 1,26,000 per kg in the previous market session.
In global markets, gold hit an all-time of USD 3,659.27 per ounce on Tuesday. The precious metal later traded at USD 3,652.72 per ounce, up by USD 16.81, or 0.46 per cent.
Also Read: Pedestrians older than 40 are at the greatest risk on roads, suggests Traffic Police data
Traders said weak labour market data in the US last week has raised the likelihood of a monetary policy easing, which pushed investors towards safe-haven assets such as gold. The dollar’s retreat further supported the upward momentum in bullion prices.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 97.29, went lower by 0.17 per cent.
The exhibition explores the biodiversity of coastal Karnataka and the Western Ghats through imaginative paintings…
Exploring the historic lanes of Shahjahanabad where trade, tradition and celebrations intersect
From magical adventures and unforgettable characters to stories of friendship, courage and self-discovery, these timeless…
Delhi Traffic Police will intensify border and route checks to stop vehicles violating GRAP pollution…
Two brothers and their cousin were arrested in outer Delhi's Mangolpuri for allegedly killing a…
Microsoft Outlook and Teams remained disrupted in India and globally on Friday as the outage…
