Gold looted the commodity market on Monday. Prices reached the new record level level so far. The price of gold in the national capital rose by Rs 400 to a new record level of Rs 85,300 per 10 grams. According to PTI news, the All India Bullion Association says prices are fast due to the continuous demand of jewelery vendors and stockists. The precious metal of 99.9 percent purity was closed at Rs 84,900 per 10 grams on Saturday.
Silver price also rises
According to the news, gold with 99.5 percent purity rose by Rs 400 to a new record level of Rs 84,900 per 10 grams in the fourth consecutive session. In the last session, the yellow metal was closed at Rs 84,500 per 10 grams. According to the All India Bullion Association, silver in Delhi rose by Rs 300 to Rs 96,000 per kg. Silver closed at Rs 95,700 per kg in the last season. Silver was a rapid trend in the fifth consecutive season.
Futures also rapid trend
Gold contracts increased by Rs 461 or 0.56 percent to Rs 82,765 per 10 grams for April delivery in futures trading on MCX. Silver futures for March delivery increased by Rs 436 or 0.47 percent to Rs 93,650 per kg. Globally, comex gold futures 7. 50 dollars per ounce or 0. 26 percent to 2,827. Called at $ 50 an ounce.
What do experts say
Jatin Trivedi, VP research analyst of LKP Securities and currency VP, said that gold gained positive boom on MCX. Participants increased the allocation of gold due to the concerns of the Possible Trade War 2.0 from the US, increasing the demand for safe haven. On Saturday, the yellow metal jumped Rs 1,127 for April delivery at the time of the Union Budget 2025-26 by Union Finance Minister Nirmala Sitharaman, reaching a record high of Rs 83,360 per 10 grams.
US dollar at three weeks high levels
Senior analyst of commodities at HDFC Securities, Soumil Gandhi said that gold resumed business on weak notes under strong US dollars and prolonged liquidation pressure. The US dollar reached a three -week high after the tariff was set by US President Donald Trump in the weekend. Gold futures for April on Friday reached an all -time high of $ 2,862. Gold has reached $ 90 an ounce in the international market. The Asian market was trading at $ 10 per ounce in the Asian market hours.
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