Gold surges ₹2,000 to ₹1.58 lakh/10g; silver rises ₹730 in Delhi
The yellow metal of 99.9% purity appreciated by ₹2,000 to ₹1,58,800 per 10 grams (inclusive of all taxes) from Monday's closing level of ₹1,56,800 per 10 grams
On Tuesday, gold prices surged by ₹2,000 to ₹1.58 lakh per 10 grams in Delhi, continuing their upward trend for a second consecutive day as retailers and stockists increased their purchases. The purity of the 99.9% gold rose from ₹1,56,800 per 10 grams on Monday to ₹1,58,800 per 10 grams. Silver also experienced an increase of ₹730, reaching ₹2.40,730 per kilogram inclusive of taxes, after staying flat at ₹2.40,000 per kg for two days, according to the All India Sarafa Association.
Globally, gold traded 0.5% lower at $4,394.57 per ounce, while silver dropped slightly over 1% to $65.08 per ounce. Analysts attribute the price rise to oil rebounding due to supply concerns from West Asia following the expiration of the 60-day US-Iran ceasefire on Monday.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
