Gold Price Today / Gold is writing a new story in India, Gold has made a new record in Delhi

Amidst the global trade war, gold reached a record level of Rs 92,150 per 10 grams in Delhi, becoming costlier by Rs 1,700 in three days. Silver also reached close to Rs 1,03,000 per kg. Further rise in prices is possible due to global uncertainty and trade war.

Gold Price Today: Parallel to the way Donald Trump is writing a new script for the global trade war, gold and silver are also creating their own new story in the market. The prices of precious metals are constantly rising in global markets including India, and the main reasons for this include trade tensions, global economic uncertainty and investors' growing interest in safe investments.

Historic jump in gold and silver prices in Delhi

Gold prices set a new record in the country's capital Delhi on Friday. Gold of 99.9% purity in the bullion market rose by Rs 1,100 to Rs 92,150 per 10 grams. In the last three days, it has become costlier by Rs 1,700.

Similarly, gold of 99.5% purity also rose by Rs 1,100 to a new high of Rs 91,700 per 10 grams.

Silver prices also rise:

Along with gold, silver is also approaching its record level. Silver prices rose by Rs 1,300 on Friday, taking it to Rs 1,03,000 per kg. On March 19, silver had reached an all-time high of Rs 1,03,500 per kg.

New record for gold in global markets

Gold prices are also rising rapidly in the international market. Spot gold reached a record high of $ 3,086.08 an ounce, while Comex gold futures hit a new peak of $ 3,124.40 an ounce. Silver also remained stable, and Comex silver futures rose 0.7% to $ 35.33 an ounce.

According to Saumil Gandhi, Senior Analyst at HDFC Securities, investors are turning their attention towards safe investment options due to global trade tensions and slow economic growth, leading to a rise in gold prices.

Reasons behind the surge in gold prices

According to LKP Securities analyst Jatin Trivedi, volatility is increasing in the global market due to the impact of rising trade tariffs between the US and other countries from April 2.

According to Kotak Securities, tensions are increasing in the market due to vehicle import duties imposed by President Trump and new tariffs on the European Union and Canada. This has led to a rapid increase in the demand for gold as a safe investment.

Market experts' opinion:

Increasing threat of inflation: There is a possibility of rising inflation due to trade tariffs, which has increased the attractiveness of gold.
Central bank purchases: Global central banks are constantly buying gold, which keeps its prices strong.
Weakness of the dollar: Weakness in the US dollar is also making gold more expensive.

What will happen in the coming days?

Market experts believe that if the environment of trade war and global uncertainty continues like this, then the prices of gold and silver may go higher. In the coming days, gold may reach Rs 95,000 per 10 grams and silver may reach Rs 1,05,000 per kg.

This is the time for investors to take careful decisions. On the one hand, the rising prices of gold and silver are providing an opportunity for profit, on the other hand, they are also increasing the volatility of the market.