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

Gold surges Rs 5,080 to hit record high of Rs 1.12 lakh/10 g

Silver prices also surged by Rs 2,800 to hit a fresh peak of Rs 1,28,800 per kilogram
  • fb
  • twitter
  • whatsapp
  • whatsapp
featured-img featured-img
Photo for representation. iStock
Advertisement

Gold prices skyrocketed by Rs 5,080 to hit an all-time high of Rs 1,12,750 per 10 grams in the national capital on Tuesday in line with strong global trends.

Advertisement

According to the All India Sarafa Association, gold of 99.9 per cent purity had closed at Rs 1,07,670 per 10 grams on Monday.

Silver prices also surged by Rs 2,800 to hit a record high of Rs 1,28,800 per kilogram (inclusive of all taxes) on Tuesday. The precious metal had settled at Rs 1,26,000 per kg in the previous market session.

Advertisement

In global markets, gold hit an all-time of $3,659.27 per ounce on Tuesday. The precious metal later traded at $3,652.72 per ounce, up by $16.81, or 0.46 per cent.

Traders said weak labour market data in the US last week has raised the likelihood of a monetary policy easing, which pushed investors towards safe-haven assets such as gold. The dollar’s retreat further supported the upward momentum in bullion prices.

Advertisement

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 97.29, went lower by 0.17 per cent.

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