Mumbai: Gold Prisis in India on Wednsday Sriged to an all-time high at Rs 8,432 per gram with an increase of Rs 1,322 as compared to Rs 8,310 on fee NCERTAINTIES.
According to experts, Gold Pries Touched an all-time high as it is underpinned by safe-han demand after china reesponded to us tariffs, who is initially imposed by present ‘S Larget Consumer of Gold.
Motilal Oswal Financial Services Limited Said The Market Views The Us Tarifs as Inflationary, Potentially Boosting Saf-Haven Demand for Bullion, which is traded as a heedge as a heedge Political turmoil.
Meanwhile, 22-carat gold was priced at Rs 8,230 per gram. On the Multi Commodity Exchange (MCX), April Gold Futures Touched a new peak of rs 84,200 per 10 grams.
In Delhi, 24-Carat Gold was priced at Rs 85,383 per 10 grams, while in chennai, it was Rs 85,231 per 10 grams.
In Mumbai and Kolkata, Gold was trading at Rs 85,237 and Rs 85,235 per 10 grams, respectively.
Meanwhile, silver prices remained relatively stable. March Silver Futures on McX was trading at Rs 95,674 per kilogram.
However, silver has gained Rs 1,400 per kilogram so far this week.
Chennai recorded the highest silver price at Rs 1,08,600 per kilogram, while delhi had the lowest at Rs 1,01,500 per kilogram.
In Mumbai, Silver was trading at Rs 1,00,800 per kilogram, whereas kolkata saw prices at Rs 1,02,300 per kilogram.
In the International Market, Spot Gold was up by 0.2 per cent at $ 2,847.33 per oounce. At one point, it has a new all-time high of $ 2,848.94 per oounce.
Us gold futures remained steady at $ 2,876.10 per oounce. SPOT SILVER ALSO GAINED 0.2 per cent at $ 32.15 per oounce.