Gold prices surged to a new record high of Rs 64,300 per 10 grams in the national capital on Monday, marking a significant increase of Rs 450 amidst strong global trends, as reported HDFC Securities. This spike follows the previous settlement of the precious metal at Rs 63,850 per 10 grams. Meanwhile, silver prices remained steady at Rs 80,200 per kilogram.
HDFC Securities’ Senior Analyst of Commodities, Saumil Gandhi, noted that gold prices continued to climb on Monday, reaching the record high of Rs 64,300/10 gram, up Rs 450, in line with the bullish trend observed in overseas markets.
Internationally, gold was trading at USD 2,077 per ounce, while silver saw a decline to USD 25.40 per ounce. Over at Comex, spot gold was trading at USD 2,077 per ounce, marking a USD 6 increase from its previous close. In Asian trading hours, Comex gold hit a new all-time high of USD 2,146 per ounce due to heightened geopolitical tension in the Middle East, according to Gandhi. This increase in gold prices is indicative of the current global climate and economic trends.