Gold and Silver Price: The record-breaking rise in gold and silver prices continues. Meanwhile, gold and silver prices made a new record on Tuesday. Silver prices today rose by Rs 40,500 (12.3 percent) to a new peak of Rs 3,70,000 per kg (including all taxes) in the bullion market in Delhi. Last week on Friday, the price of silver closed at Rs 3,29,500 per kg. Never before had silver prices risen by Rs 40,500 in a single day nor had its prices reached the magic figure of Rs 3,70,000 per kg.
Gold became costlier by Rs 7300 on Tuesday
Apart from silver, gold of 99.9 per cent purity also rose by Rs 7,300 (4.6 per cent) to hit an all-time high of Rs 1,66,000 per 10 grams in the bullion market in Delhi today. Last week on Friday, gold closed at Rs 1,58,700 per 10 grams. Bullion markets were closed on Monday on the occasion of 77th Republic Day. Experts believe that due to strong demand from investors and global rally amid increasing geopolitical and trade tensions, both precious metals have reached record highs with record-breaking gains.
Record rise in gold and silver prices in the international market too
Silver prices crossed the $100 per ounce level for the first time in the international market on Friday, further increasing investors’ attraction towards safe assets. Spot silver prices rose by $8.55 (8.24 percent) to $112.41 an ounce. In the previous session, silver had risen by $14.42 (14 percent) to reach a new peak of $117.73 an ounce. The rising trend in gold prices also continued in the global markets and it witnessed an increase for the 7th consecutive day. Gold rose by $ 79.13 or 1.58 percent to $ 5087.48 an ounce. Earlier on Monday, gold had crossed the level of $ 5000 per ounce for the first time and reached a record level of $ 5110.24 per ounce.
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