Silver and Gold Price: The record rise in gold and silver prices continued even today. According to All India Bullion Association, due to strong trends in the global market on Tuesday, the prices of gold and silver also increased in Delhi’s bullion market and the prices of both these metals once again reached their respective record levels today. On Tuesday, the price of gold of 99.9 percent purity rose by Rs 2650 to reach a new peak of Rs 1,40,850 per 10 grams in Delhi. Gold prices have registered a rise for the second consecutive day today. Earlier, on Monday, gold prices had closed at Rs 1,38,200 per 10 grams with an increase of Rs 1685.
One kg silver worth Rs 2,17,250
Like gold, the price of silver has also seen an increase for the second consecutive day today. On Tuesday, silver prices in Delhi rose by Rs 2750 to reach a new all-time high of Rs 2,17,250 per kg. On Monday, silver prices were up by Rs 10,400 to close at Rs 2,14,500 per kg. Today, spot silver prices in the international markets increased by 1.4 percent and crossed the mark of $ 70 an ounce for the first time. With this, spot gold today rose by $ 54.3 (1.22 percent) and reached a record level of $ 4498 per ounce.
Why are the prices of gold and silver increasing?
Saumil Gandhi, Senior Analyst (Commodity), HDFC Securities, said, “An unprecedented rally continues in bullion, with spot gold about to touch another milestone near the $4500 mark. This latest round of rally is being driven by expectations that the Federal Reserve will cut rates more than once in 2026, as well as rising geopolitical tensions, which are strengthening the safe-haven appeal of gold and silver. Are.” “Investors will now turn their attention to the second estimate of US third-quarter GDP data, which is due soon and could provide clues about the state of the US economy and the future of the Federal Reserve’s monetary policy,” said Renisha Chainani, head of research at Augmont.
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