Gold prices surged by Rs 580 to reach Rs 97,030 per 10 grams in the national capital on Monday. This increase was driven by strong international market cues. According to the All India Sarafa Association, gold of 99.9% purity rose to Rs 97,030 per 10 grams, up from Rs 96,450 per 10 grams on Friday.
Key Highlights:
- Gold Prices:
- 99.9% purity gold: Rs 97,030 per 10 grams
- 99.5% purity gold: Rs 96,580 per 10 grams
- Silver Prices:
- Gained Rs 500 to settle at Rs 98,500 per kilogram
On the Multi Commodity Exchange (MCX), gold futures rallied Rs 1,182. They are trading at Rs 93,623 per 10 grams. Silver futures rose Rs 662 to Rs 95,980 per kilogram.
Globally, spot gold advanced USD 39.05 to USD 3,241.82 per ounce, driven by safe-haven demand amid global uncertainties and expectations around US monetary policy. Analysts at Goldman Sachs project gold prices may reach USD 3,700 per ounce by the end of 2025, potentially rising to USD 3,880 in the event of a recession
