Gold Soars Over Rs 1-Trn Mark
99.9% purity yellow metal climbed Rs1,800 to hit life-time peak of Rs 1,01,600/10gm on buying rush by local jewellers, stockists ahead of Akshaya Tritiya, wedding season
Gold Soars Over Rs 1-Trn Mark
New Delhi: Gold prices surged by Rs1,800 to zoom past the crucial Rs1 lakh-mark for 10 grams in the national capital on Tuesday amid buying rush by local jewellers and stockists in anticipation of increased demand during Akshaya Tritiya and wedding season even as global macroeconomic uncertainties continued to fuel safe-haven chase.
According to the All India Sarafa Association, the precious metal of 99.9 per cent purity climbed Rs1,800 to hit the lifetime peak of Rs1,01,600 per 10 grams from Monday’s closing level of Rs99,800 per 10 grams.
Gold of 99.5 per cent purity also jumped by Rs2,800 to hit a record high of Rs1,02,100 per 10 grams in the local markets on Tuesday. It had settled at Rs99,300 per 10 grams in the preceding session.
Akshaya Tritiya, which is considered the most auspicious day to buy gold, falls on April 30. The ongoing wedding season will continue till May end. The yellow metal has spurted by Rs22,650 per 10 grams, or nearly 29 per cent, since December 2024. Meanwhile, silver prices remained flat at Rs 98,500 per kg on Tuesday.
