Gold price today: Gold and silver in Delhi have reached their highest level. There has been a tremendous bounce in gold and silver before Holi. Gold is at Rs 89,500 and silver at Rs 1,01,200 in Delhi. The price of gold rose by Rs 600 to Rs 89,450 per 10 grams in Delhi’s bullion market on Thursday due to a strong trend in global markets. This is the record level of gold so far, while the price of silver also increased by Rs 1,000 to Rs 1,01,200 per kg, which is the highest level of the last five months.
Gold and silver prices in Delhi
99.9% purity gold – Rs 89,450 per 10 grams
99.5% purity gold – Rs 89,050 per 10 grams
Silver – Rs 1,01,200 per kg (increase by Rs 1,000)
On Wednesday, gold of 99.9% purity was Rs 88,850 per 10 grams, while gold with 99.5% purity closed at Rs 88,450 per 10 grams.
Gold and silver prices also increased in Indore
In the bullion market of Indore, gold also cost Rs 350 per 10 grams to Rs 88,200 per 10 grams, while silver increased by Rs 200 per kg and it increased to Rs 98,600 per kg.
Silver coin – Rs 1,100 per nos
Reason for price hike
According to Soumil Gandhi, Senior Commodity Expert, HDFC Securities, gold prices in the international market have reached record height due to investors’ interest towards safe assets and soft American inflation data. Gold spot in the international market increased by $ 11.67 to $ 2,946.44 an ounce. Investors are now eyeing the US’s weekly unemployment data and the producing price index (PPI) report, which will allow further economic trends.