DT
PT
Subscribe To Print Edition About The Tribune Code Of Ethics Download App Advertise with us Classifieds
Add Tribune As Your Trusted Source
search-icon-img
search-icon-img
Advertisement

Gold jumps Rs 700 to fresh peak of Rs 1.24 lakh/10 gm

The yellow metal of 99.9 per cent purity had closed at Rs 1,23,300 per 10 grams on Monday

  • fb
  • twitter
  • whatsapp
  • whatsapp
featured-img featured-img
Photo for representation
Advertisement

Gold price jumped Rs 700 to hit a record high of Rs 1,24,000 per 10 grams in the national capital on Tuesday as investors weighed the risk of an ongoing US government shutdown and growing bets of additional rate cuts by the Federal Reserve.

Advertisement

According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity had closed at Rs 1,23,300 per 10 grams on Monday.

Advertisement

In the local bullion market, gold of 99.5 per cent purity appreciated by Rs 700 to hit a lifetime peak of Rs 1,23,400 per 10 grams (inclusive of all taxes) on Tuesday. It had settled at Rs 1,22,700 per 10 grams in the previous market session.

Advertisement

However, silver retreated from its all-time high level, and plunged Rs 3,400 to Rs 1,54,000 per kilogram (inclusive of all taxes). The white metal had ended at Rs 1,57,400 per kg on Monday.

On the global front, spot gold was trading lower at USD 3,958.18 per ounce. The yellow metal had hit an all-time high of USD 3,977.45 per ounce on Tuesday.

Advertisement

Meanwhile, the US government shutdown has reached its seventh day, and there is still no resolution in sight.

Advertisement
Advertisement
Advertisement
tlbr_img1 Classifieds tlbr_img2 Videos tlbr_img3 Premium tlbr_img4 E-Paper tlbr_img5 Shorts