Silver and Gold Price: The record-breaking rise in gold and silver prices continues. Today once again there was a strong rise in the prices of gold and silver, after which both the precious metals touched their new lifetime high. After gold and silver reached a record high in the global market on Monday, the prices of gold of 99.9 percent purity in Delhi’s bullion market rose by Rs 1685 to a new all-time high of Rs 1,38,200 per 10 grams. Let us tell you that on Friday last week, gold prices remained stable at Rs 1,36,515 per 10 grams.
Sharp rise in silver prices
Apart from gold, a sharp rise in silver prices was seen today. Today in the capital Delhi, silver prices increased by Rs 10,400 and reached a new all-time high of Rs 2,14,500 per kg.
Reached time high. Last week on Friday, the price of silver fell by Rs 3500 and closed at Rs 2,04,100 per kg. Silver prices had increased by Rs 1800 on Thursday last week and made a new record of Rs 2,07,600 per kg. Apart from this, spot silver in foreign markets also rose by $ 2.31 or 3.44 percent to reach the highest level of $ 69.45 an ounce today.
Why are gold and silver prices increasing?
Saumil Gandhi, Senior Analyst (Commodity), HDFC Securities, said, “The bullion trend continued as gold and silver reached another new record high on Monday.” In international markets, spot gold rose by $ 80.85, or 1.86 percent, to a record high of $ 4420.35 an ounce. “Investor interest in silver and gold has increased significantly as interest rates in the US are falling, fiscal concerns are rising and the US economy is becoming more uncertain,” Gandhi said. This has led to a shift towards safe-haven assets.”
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