New Delhi, September 22 – Gold prices surged by Rs 2,200 on Monday to reach an unprecedented Rs 1,16,200 per 10 grams in the national capital, buoyed by strong global cues. Investors are awaiting key policy signals from US Federal Reserve officials, which are expected to influence market trends in the coming days.

According to the All India Sarafa Association, gold of 99.9 percent purity had closed at Rs 1,14,000 per 10 grams on Friday. In the local bullion market, gold of 99.5 percent purity jumped by Rs 2,150 to settle at a record Rs 1,15,650 per 10 grams, compared with Rs 1,13,500 in the previous session.

Soumil Gandhi, Senior Commodity Analyst at HDFC Securities, said that domestic bullion prices are mirroring the bullish global trend, with both gold and silver trading at record levels. He noted that dovish signals from the Federal Reserve suggest the possibility of two more interest rate cuts by the end of the year. Such a move would likely limit gains in the US dollar and bond yields, while providing further support to precious metal prices.

Apart from expectations of monetary easing, robust inflows into exchange-traded funds and continued demand from central banks have also contributed to the surge. So far this calendar year, gold prices have risen by Rs 37,250 per 10 grams, or 47.18 percent, compared with Rs 78,950 per 10 grams on December 31, 2024.

Silver prices also witnessed a steep rise, climbing by Rs 4,380 to touch an all-time high of Rs 1,36,380 per kilogram in the capital’s bullion market. On Friday, silver had closed at Rs 1,32,000 per kilogram. Since the beginning of 2025, silver has gained Rs 46,680 per kilogram, or 52.04 percent, from its closing price of Rs 89,700 on December 31, 2024.

Globally, spot gold rose by more than one percent to hit a record level of 3,728.43 dollars per ounce. Kainat Chanwala, Associate Vice President for Commodity Research at Kotak Securities, said investors are looking ahead to remarks from several Federal Open Market Committee officials later in the day and a key speech by Federal Reserve Chairman Jerome Powell on Tuesday. As per agency report, these expectations have fueled the rally, driving spot gold to its new all-time high.

New Delhi, May 13 — Gold prices bounced back sharply on Tuesday, rising by Rs 950 to reach Rs 97,500 per 10 grams in the national capital, driven by positive trends in the global markets. According to the All India Sarafa Association, gold of 99.5 percent purity also saw a significant rise of Rs 1,000, bringing its price to Rs 97,100 per 10 grams.

This recovery comes a day after a steep decline on Monday, when gold had dropped by Rs 3,400 to settle at Rs 96,550 for 99.9 percent purity and Rs 96,100 for 99.5 percent purity per 10 grams.

However, silver prices failed to mirror gold’s performance, falling by Rs 250 to Rs 99,450 per kilogram from the previous close of Rs 99,700 per kilogram.

As per agency report, the rebound in gold was attributed to renewed safe-haven demand following recent geopolitical tensions and global market dynamics. Chintan Mehta, CEO of Abans Financial Services, noted that after a sharp decline triggered by reduced safe-haven buying due to the temporary truce in the US-China trade dispute, gold prices have recovered swiftly.

In the latest development, the United States has agreed to reduce tariffs on Chinese imports from 145 percent to 30 percent, while China has reciprocated by lowering duties on American goods from 125 percent to 10 percent. This move has brought some calm to the global markets and spurred gains in equity indices.

Globally, spot gold was quoted at $3,253.38 per ounce. Kainaat Chainwala, AVP (Commodities Research) at Kotak Securities, stated that gold had slumped over three percent on Monday to mark its weakest close in two weeks. However, the price regained some strength on Tuesday, climbing above $3,240 per ounce amid renewed concerns over geopolitical risks.

Reports of Israeli airstrikes targeting Houthi rebel bases in Yemen have also rekindled demand for gold as a traditional safe-haven asset.

New Delhi, May 12 — Gold prices in the national capital witnessed a sharp decline of ₹3,400 on Monday, settling at ₹96,550 per 10 grams, following a shift in investor sentiment after the United States paused planned tariff hikes on Chinese imports. As per agency report, the drop marked the steepest single-day fall in ten months, with the last comparable slide of ₹3,350 recorded on July 23, 2024.

According to the All India Sarafa Association, gold of 99.5 percent purity closed at ₹96,100 per 10 grams. On Saturday, gold of 99.9 and 99.5 percent purity had closed at ₹99,950 and ₹99,500 per 10 grams respectively.

Traders attributed the sudden drop in prices to improved risk appetite among investors after signs of a thaw in US-China trade relations. Mehta Equities Ltd.'s Vice President for Commodities, Rahul Kalantri, noted that progress in trade negotiations and easing geopolitical tensions, including between India and Pakistan, prompted profit booking in gold.

Silver prices also registered a decline, falling by ₹200 to ₹99,700 per kilogram from Saturday’s close of ₹99,900.

Following weekend trade talks in Geneva, the US agreed to reduce its tariff rate on Chinese goods from 145 percent to 30 percent, while China committed to lowering its tariffs on US goods to 10 percent for a 90-day period. These developments significantly reduced market uncertainty, curbing the demand for gold as a safe-haven asset.

Meanwhile, the US Dollar strengthened against a basket of six major currencies, with the dollar index rising 1.42 percent to 101.76.

Jatin Trivedi, Vice President of Commodities and Currency Research at LKP Securities, cited indications of a possible ceasefire between Russia and Ukraine and the India-Pakistan agreement to halt military operations as further factors reducing geopolitical risk. These signs of de-escalation, combined with bullish equity markets, led to heavy profit-taking in gold, which had earlier rallied on the back of global uncertainty.

In international markets, spot gold declined over three percent to $3,218.70 per ounce, while spot silver dropped by 1.19 percent to $32.33 per ounce.

Pranav Mer, Vice President of EBG – Commodities and Currency Research at JM Financial Services Ltd., stated that investor focus will now shift to upcoming US macroeconomic data, including inflation figures, retail sales, and consumer sentiment indicators. Market participants are also awaiting remarks from Federal Reserve Chairman Jerome Powell for further cues on interest rate policy.

New Delhi, May 6 – Gold prices surged by Rs 2,400 on Tuesday to reach Rs 99,750 per 10 grams in the national capital’s bullion market, driven by continued buying from jewellers and stockists. This sharp rise follows Monday’s closing rate of Rs 97,350 for 99.9 percent purity gold, as per data released by the All India Sarafa Association.

Similarly, gold with 99.5 percent purity rose to Rs 99,300 per 10 grams, up from its previous close of Rs 96,900. This marks the third consecutive session of gains in domestic bullion prices.

As per agency report, Chintan Mehta, CEO of Abans Financial Services, attributed the surge to increased demand for safe-haven assets after former US President Donald Trump announced plans to introduce new tariffs. These proposed measures include levies on pharmaceutical imports and a 100 percent tariff on films made outside the United States, which have renewed concerns about global trade tensions and economic growth.

Silver prices also witnessed a strong upward trend, climbing by Rs 1,800 to reach Rs 98,500 per kilogram in the Delhi market.

Market analysts noted that investors are closely watching the outcome of the US Federal Reserve's meeting scheduled for Wednesday, along with comments from Fed Chair Jerome Powell, as these will likely influence the direction of precious metal prices.

Globally, spot gold climbed by $45.65, or 1.37 percent, to $3,379.77 per ounce. According to Saumil Gandhi, Senior Commodities Analyst at HDFC Securities, gold regained the $3,350 level on Tuesday. He cited ongoing geopolitical tensions—such as the Russia-Ukraine conflict, unrest in West Asia, and renewed strain between India and Pakistan—as key factors boosting safe-haven demand.

He further added that weakness in the US dollar has also contributed to the recent bullish momentum in precious metals.

Meanwhile, international spot silver prices rose by 1.64 percent to reach $33 per ounce.

New Delhi, April 30 — Gold demand in India declined by 15 percent year-on-year to 118.1 tonnes during the January to March quarter of 2025, despite a 22 percent surge in value to Rs 94,030 crore, according to the latest report released by the World Gold Council (WGC).

The drop in demand was attributed primarily to a sharp increase in gold prices, which rose by nearly 25 percent since the start of the year, reaching the psychological threshold of Rs 100,000 per 10 grams. This price surge significantly altered consumer buying behavior, as per agency report.

WGC India CEO Sachin Jain stated in the council’s quarterly review that while high prices have impacted affordability, the deep-rooted cultural value of gold continues to support buying sentiment, especially around auspicious occasions like Akshaya Tritiya and the upcoming wedding season.

Experts observed that while the current high prices may lead to cautious buying, the traditional and cultural importance of Akshaya Tritiya — a day considered highly auspicious for gold purchases in India — is expected to maintain momentum in retail demand.

Despite the overall decline in demand, investment in gold rose seven percent during the first quarter, from 43.6 tonnes last year to 46.7 tonnes this year. Conversely, jewellery demand took a significant hit, plummeting 25 percent to 71.4 tonnes compared to 95.5 tonnes in the corresponding period a year earlier. This marked the lowest jewellery consumption for a first quarter since 2020, although its value rose by three percent on a year-on-year basis.

Interestingly, India's gold imports during the quarter increased by eight percent to 167.4 tonnes, reflecting underlying long-term interest. Meanwhile, gold recycling fell sharply by 32 percent to 26 tonnes, as consumers held onto their gold despite record prices.

The average quarterly gold price stood at Rs 79,633.4 per 10 grams in Q1 2025, significantly higher than the Rs 55,247.2 recorded in Q1 2024.

Globally, gold demand during the same period rose by one percent to 1,206 tonnes — the highest first-quarter demand recorded since 2019. WGC projects India’s total gold demand for the year 2025 to range between 700 and 800 tonnes.

New Delhi, April 21 – Gold prices in the national capital surged by Rs 1,650 on Monday, nearing the psychologically significant level of Rs 1 lakh per 10 grams. As per agency report, this sharp rise came amid increased demand driven by a weaker US dollar and ongoing uncertainties surrounding the US-China trade war.

According to the All India Sarafa Association, gold with 99.9 percent purity was priced at Rs 99,800 per 10 grams, a substantial leap from its previous close of Rs 98,150 on Friday. Similarly, gold of 99.5 percent purity rose by Rs 1,600 to hit a new peak of Rs 99,300 per 10 grams, up from Rs 97,700 in the last session.

Gold prices have jumped by Rs 20,850, or 26.41 percent, since December 31 last year. Silver also registered a notable increase, climbing Rs 500 to reach Rs 98,500 per kilogram, compared to a flat close of Rs 98,000 in the previous session.

Kotak Mahindra AMC fund manager Satish Dondapati noted that heightened trade tensions, expectations of interest rate cuts, geopolitical uncertainties, and a declining dollar have driven significant price volatility in both gold and silver. He highlighted that gold alone has witnessed a 25 percent rise so far this year, including a 6 percent gain following the US tariff announcement on April 2.

On the Multi Commodity Exchange (MCX), gold futures for June delivery rose by Rs 1,621 or 1.7 percent to a record Rs 96,875 per 10 grams.

In international markets, spot gold hit a new high of $3,397.18 per ounce before settling slightly lower at $3,393.49. Gold futures climbed over $80 or 2.4 percent to breach the $3,400 per ounce level for the first time, supported by tariff uncertainties, a weakening US dollar, and rising bond yields.

Pranav Mer, Vice President for Commodities and Currency Research at JM Financial Services, stated that gold prices continue to exhibit strong upward momentum due to these macroeconomic factors.

Meanwhile, in Asian trading hours, spot silver also gained nearly one percent, rising to $32.85 per ounce.

New Delhi, April 17: Gold prices in the national capital climbed by Rs 70 on Thursday, reaching a new all-time high of Rs 98,170 per 10 grams, driven by strong global demand and ongoing economic uncertainty. As per agency report, the All India Sarafa Association confirmed the new benchmark, following Wednesday's sharp Rs 1,650 surge that had taken gold to Rs 98,100 per 10 grams for 99.9 percent purity.

The price of 99.5 percent pure gold also rose by Rs 70, touching a fresh record of Rs 97,720 per 10 grams, compared to its previous close of Rs 97,650.

Chintan Mehta, CEO of Abans Financial Services, stated that the rally in gold is being supported by a weakening US dollar, escalating trade tensions, and recent tariff announcements by US President Donald Trump. These developments have fueled concerns over global economic growth, reinforcing gold's role as a safe-haven asset.

With increasing fears of inflation and recession due to the ongoing US-China trade war disrupting supply chains, market volatility has intensified. Mehta noted that major financial institutions have adopted a bullish stance on gold, indicating a broader sell-off in equities, bonds, and currencies in favor of the yellow metal.

In contrast to gold's ascent, silver prices fell sharply by Rs 1,400, closing at Rs 98,000 per kilogram, down from Rs 99,400 in the previous session.

On the international front, spot gold surged to a record high of USD 3,357.81 per ounce before retreating to USD 3,328.84. According to Kainaat Chainwala, Associate Vice President for Commodity Research at Kotak Securities, gold maintained its upward trajectory after US Federal Reserve Chair Jerome Powell warned that ongoing uncertainty over US trade policy could negatively impact the global economy, thereby reducing investors' risk appetite.

Meanwhile, silver in the Asian market declined by 1.37 percent, trading at USD 32.32 per ounce.

HDFC Securities' senior commodity analyst Saumil Gandhi said that investors are now closely monitoring US macroeconomic indicators, including initial jobless claims and the Philadelphia Fed Manufacturing Index, due later on Thursday.

New Delhi, April 16 – Gold prices in the national capital soared by Rs 1,650 on Wednesday to reach a record high of Rs 98,100 per 10 grams, as investors globally rushed to secure safe-haven assets amidst escalating trade tensions between the United States and China. Silver prices also saw a sharp increase of Rs 1,900, closing at Rs 99,400 per kilogram.

According to the All India Sarafa Association, gold of 99.9 percent purity had closed at Rs 96,450 per 10 grams on Tuesday. With this latest surge, the price of gold has risen by Rs 18,710 or 23.56 percent since January 1, when it stood at Rs 79,390 per 10 grams. Gold of 99.5 percent purity also witnessed a similar rise, climbing to Rs 97,650 from the previous level of Rs 96,000 per 10 grams.

As per agency report, the sharp rally in precious metals was driven by a growing sense of global economic insecurity, triggered by fresh rounds of tariff hikes announced by the United States on Chinese imports. On Wednesday, the US administration imposed duties as high as 245 percent on most goods imported from China, significantly deepening trade friction between the two nations. Additionally, US President Donald Trump ordered a probe into whether tariffs should be imposed on critical minerals, heightening market unease.

The global spot gold price also reflected the surge, reaching a record high of USD 3,318 per ounce before settling slightly lower at USD 3,299.99. Spot silver rose by nearly two percent to USD 32.86 per ounce during Asian trading hours.

Analysts noted that the rally was further supported by weakness in the US dollar, with the dollar index falling below the 100 mark, approaching a three-year low. This depreciation of the dollar typically boosts gold’s appeal as a non-yielding asset. Market expectations of a potential interest rate cut by the US Federal Reserve also added momentum to the uptrend. Traders and investors were closely watching an upcoming speech by Fed Chair Jerome Powell for cues on the central bank’s policy stance.

Jatin Trivedi, Vice President (Research Analyst – Commodities and Currency) at LKP Securities, observed that gold had breached the Rs 95,000 mark on the Multi Commodity Exchange (MCX) while COMEX gold crossed USD 3,300, indicating strong investor appetite for secure investments amid global turmoil.

Kainaat Chanwala, Associate Vice President for Commodity Research at Kotak Securities, highlighted that fears surrounding the intensifying trade war, especially after the US government tightened export regulations against China, were pushing gold prices to new highs.

According to Soumil Gandhi, Senior Commodities Analyst at HDFC Securities, market participants are now shifting focus to key US macroeconomic indicators such as retail sales and industrial production data, which could provide further direction on the Federal Reserve's rate outlook.

This marks the second significant gold rally in April. On April 11, gold saw its biggest one-day jump of the year with a rise of Rs 6,250 in the domestic market. The consistent upward trajectory of both gold and silver signals heightened investor caution amid global economic uncertainty and policy shifts.

New Delhi, April 15: Gold prices in the national capital rose by Rs 50 on Tuesday, reaching an all-time high of Rs 96,450 per 10 grams amid global market trends and continued investor interest. The All India Sarafa Association reported the increase after gold of 99.9 percent purity closed at Rs 96,400 per 10 grams on Monday following a marginal drop.

Gold of 99.5 percent purity also climbed Rs 50 to reach its highest-ever level of Rs 96,000 per 10 grams, up from the previous closing of Rs 95,950 per 10 grams. The upward momentum in gold prices was mirrored by silver, which saw a sharp rise of Rs 2,500, taking it to Rs 97,500 per kilogram. This surge came after silver fell by Rs 500 a day earlier, ending at Rs 95,000 per kilogram.

Globally, spot gold advanced by $13.67 or 0.43 percent to reach $3,224.60 per ounce. Market analysts attributed the stability near record highs to the weakening of the US dollar and persistent uncertainties surrounding US trade policies.

Chintan Mehta, CEO of Abans Financial Services, explained that the market is holding steady ahead of US Federal Reserve Chair Jerome Powell’s upcoming press conference, where investors hope to gain clarity on the central bank’s stance in case of escalating trade tensions or a slowdown in economic activity.

Meanwhile, in Asian markets, spot silver experienced a slight dip, settling at $32.32 per ounce. Soumil Gandhi, Senior Commodities Analyst at HDFC Securities, noted that market participants are closely watching the release of key US macroeconomic indicators, including the NY Empire State Manufacturing Index, due later in the day.

Gandhi added that attention is also on forthcoming speeches from Federal Open Market Committee member Thomas Barkin and European Central Bank President Christine Lagarde. However, he emphasized that developments related to global tariff policies remain a crucial factor in determining future movements in precious metal prices.

New Delhi, April 11, 2025 — Gold prices surged by Rs 6,250 to reach a historic high of Rs 96,450 per 10 grams in the national capital on Friday, driven by intense demand from jewellers and retail buyers. As per agency report, the surge follows renewed global tensions due to the deepening trade conflict between the United States and China, which has spurred demand for gold as a safe-haven asset.

The All India Sarafa Association reported that the price of 99.9 percent pure gold had closed at Rs 90,200 on Wednesday. After four consecutive sessions of steep declines, gold with 99.5 percent purity rebounded sharply, surpassing the Rs 96,000 mark. It had last settled at Rs 89,750 per 10 grams.

Silver too followed suit, jumping by Rs 2,300 to Rs 95,500 per kilogram, up from its previous closing of Rs 93,200. The precious metals rally comes on the back of Mahavir Jayanti, during which the bullion markets remained closed on Thursday.

In global markets, spot gold reached a new all-time high of USD 3,237.39 per ounce before easing to USD 3,222.04. COMEX gold futures also touched a record level of USD 3,249.16 per ounce amid growing concerns over economic slowdown and rising geopolitical risks.

Kayanat Chainwala, Associate Vice President (Commodities Research) at Kotak Securities, stated that heightened US-China trade tensions had boosted the appeal of gold. Earlier in the week, the US administration imposed tariffs of up to 145 percent on Chinese goods, prompting China to retaliate with duties as high as 125 percent.

These tariff escalations have rekindled fears of a global trade war, weakening the US dollar index below the 100 mark and further supporting precious metal prices. Chainwala added that safe-haven demand for gold is likely to persist amid looming fears of inflation, recession, and continued geopolitical instability.

According to investment banking firm UBS, ongoing uncertainties in global financial markets are expected to continue enhancing gold's allure in the near term, as investors seek stability amid market volatility and economic headwinds.

Gold prices in the national capital declined sharply by Rs 1,050 on Wednesday, settling at Rs 90,200 per 10 grams due to weak demand from stockists and retail buyers. According to the All India Sarafa Association, the price of 99.9 percent pure gold had closed at Rs 91,250 per 10 grams in the previous session.

Gold of 99.5 percent purity also dropped by Rs 1,050 to Rs 89,750 per 10 grams, compared to Tuesday's closing of Rs 90,800.

In contrast, silver prices showed an upward trend, gaining Rs 500 to reach Rs 93,200 per kilogram, up from Rs 92,700 in the previous session.

As per agency report, international markets painted a different picture, with spot gold surging by $61.98 or 2.08 percent to $3,044.14 per ounce. Analysts attributed this rise to growing fears of a global economic slowdown amid escalating trade tensions between the United States and China, which in turn boosted demand for safe-haven assets like gold.

President Donald Trump’s decision to impose additional tariffs on Chinese imports, taking the total to 104 percent, prompted China to retaliate by raising its own tariffs on American goods from 34 percent to 84 percent, effective from April 10. This tit-for-tat response has intensified concerns over a full-scale trade war between the two economic giants.

HDFC Securities senior commodities analyst Saumil Gandhi noted that these developments have triggered a flight to safety, driving gold prices toward the $3,030 mark globally. He also pointed out that pressure on the US dollar, which fell for the second consecutive day, further supported gold prices.

In the Asian market, spot silver witnessed a near two percent gain, reaching $30.41 per ounce.

Chintan Mehta, CEO of Abans Financial Services, commented that investors will continue to monitor Trump’s evolving tariff strategy and its broader economic implications. He added that market participants are also closely watching the upcoming minutes from the US Federal Open Market Committee (FOMC) meeting and fresh US inflation data, which could offer further insights into how the central bank plans to respond to rising trade-related risks.

New Delhi, April 4 – After five consecutive days of gains, gold prices fell sharply in the national capital’s bullion market on Friday, dropping by Rs 1,350 to settle at Rs 93,000 per 10 grams. The decline follows a weak trend in global markets, as per the All India Sarafa Association.

On Thursday, gold of 99.9 percent purity had surged by Rs 200 to reach a new high of Rs 94,350 per 10 grams. However, by the end of the week, gold of 99.5 percent purity also declined by Rs 1,350, closing at Rs 92,550 per 10 grams, down from the previous session’s level of Rs 93,900.

As per agency report, the sharp fall in gold prices is attributed to reduced demand for safe-haven assets following U.S. President Donald Trump’s announcement of retaliatory tariffs on multiple countries. Investors have reportedly shifted their focus to assessing the broader implications of global trade tensions and their potential economic impact, which could dampen growth and market sentiment.

Silver prices also took a significant hit, plunging by Rs 5,000 to Rs 95,500 per kilogram, marking the steepest fall in four months. In the previous session, silver had closed at Rs 100,500 per kilogram.

According to Chintan Mehta, CEO of Abans Financial Services, the tariff announcement has triggered a shift in investor sentiment, leading to a decline in the prices of precious metals. Rahul Kalantri, Vice President (Commodities) at Mehta Equities, noted that while both gold and silver initially showed strength during President Trump's press conference, they eventually slid to their lowest levels in recent weeks. Gold is now at its lowest in one week, while silver has hit a five-week low.

On the international front, spot gold dropped by $21.74 or 0.70 percent to $3,093.60 per ounce. Meanwhile, spot silver in Asian markets fell by 1.69 percent to $31.32 per ounce.