Gold Rate Today: On Tuesday, there was a tremendous jump in gold prices in the bullion market of Delhi and Indore. Due to the increasing interest of investors and the shopping of the wedding season, the gold increased by Rs 1,800 to Rs 1 lakh per 10 grams. This is the highest level ever. At the same time, silver prices remained stable. In such a situation, the big question is whether the price will be low till Akshaya Tritiya. If the experts are believed, then there will be correction in gold and the price of gold can come up to Rs 93,000.
Gold beyond one lakh
According to the data of the bullion association, gold with 99.9% purity rose by Rs 1,800 to Rs 1,01,600 per 10 grams on Tuesday. At the same time, gold with 99.5% purity jumped by Rs 2,800 to Rs 1,02,100 per 10 grams. On Monday, these prices were Rs 99,800 and Rs 99,300 per 10 grams respectively.
Increased demand caused the boom
Buying gold on Akshaya Tritiya (30 April) is considered auspicious and along with this, the wedding season which continues till the end of May is also increasing the demand. Experts believe that since December 2024, gold prices have increased by about 29% i.e. Rs 22,650 per 10 grams.
Global reasons are also responsible
Colin Shah, MD of Cama Jewelery, said that the ongoing tension over interest rates between US President Donald Trump and Federal Reserve Chairman Jerome Pavel also led to uncertainty in the global market. Apart from this, weakness in US dollars and US-China trade tension are also taking gold to height.
Gold futures also crossed a psychological level of $ 3,500 an ounce in Comex, with a gain of 2.44% or $ 83.76.
Effect also showed in Indore
In the small bullion market of Indore, gold rose by Rs 2,800 per 10 grams to Rs 1,00,000 on Tuesday. However, silver prices saw a fall and it reached Rs 1,000 to Rs 97,200 per kg. At the same time, the silver coin was Rs 1,150 per nos.
A record in gold has been recorded between Akshaya Tritiya and the wedding season. Buyers are active in terms of investment and tradition, while global conditions are also affecting its prices. The price of silver remains stable, but the market’s eyes are now on further moves.
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