Gold hits fresh peak of Rs 90,750 amid strong international cues

Tracking strong trends in the global markets amid uncertainty over US tariffs, trade tensions and growing expectations of monetary policy easing by the Federal Reserve, gold and silver prices soared Rs 1,300 each to hit fresh record levels on Monday.

Gold of 99.9 per cent purity, extending gains for the fourth day in a row, rallying Rs 1,300 to hit a fresh peak of Rs 90,750 per 10 g, the All India Sarafa Association bulletin said.

The yellow metal had closed at Rs 89,450 per 10 g on Thursday. Gold of 99.5 per cent purity climbed Rs 1,300 to establish a lifetime high of Rs 90,350 per 10 g from Thursday’s closing level of Rs 89,050 per 10 g.

To hit a fresh all-time high level of Rs 1,02,500 per kg, silver prices also zoomed Rs 1,300. The white metal had closede at Rs 1,01,200 per kg on Thursday.

“Several factors have contributed to the record-breaking rally, including buying by central banks and global economic instability,” HDFC Securities’ Senior Analyst, Commodities, Saumil Gandhi, said, adding the demand for safe haven assets increased due to the trade and economic policies of US President Trump.

Gold prices had zoomed Rs 11,360 or 14.31 per cent to hit Rs 90,750 on March 17 from Rs 79,390 per 10 g on January 1 this year.