Gold price rallied Rs 1,025 to touch a life-time high of Rs 61,080 per 10 grams in the national capital on Wednesday amid strong global trends, brokerage firm HDFC Securities told news agency PTI.
Comex gold prices rallied in Asian trading hours on Wednesday and have surged more than 1.80 per cent since March 2022 amid data showing lower than estimated US jobs openings
Gold price rallied Rs 1,025 to touch a life-time high of Rs 61,080 per 10 grams in the national capital on Wednesday amid strong global trends, brokerage firm HDFC Securities told news agency PTI.
In the previous trade, the precious metal had settled at Rs 60,055 per 10 grams.
Silver also zoomed Rs 1,810 to Rs 73,950 per kilogram.
"Spot gold prices in the Delhi markets traded at Rs 61,080 per 10 grams, up Rs 1,025 per 10 grams.
"In domestic market gold prices crossed the Rs 61,000 level per 10 grams to a fresh life-time high," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
In the overseas market, both gold and silver were quoting higher at $2,027 per ounce and $24.04 per ounce, respectively.
Comex gold prices rallied in Asian trading hours on Wednesday and have surged more than 1.80 per cent since March 2022 amid data showing lower than estimated US jobs openings.
Additionally, US Dollar index and bond yields declined post US macro data which boosted bullish sentiment in bullion, Gandhi said.
In the spot market, fine gold with purity of 24 karat was priced at Rs 60,780 per 10 grams, 22 karat gold was priced at Rs 59,320 per 10 grams, 20 karat was gold was being sold at Rs 54,100, 18 karat gold was being retailed at 49,230 and gold with purity of 14 karats was priced at Rs 39,200 per 10 grams, according to information on website of India Bullion and Jewellers Association (IBJA).
Meanwhile, on the MCX, gold futures for dellivery in June rose as much as 0.37 per cent to hit an all-time high of Rs 61,181. The gold futures however came off day’s high to trade 0.24 per cent lower at Rs 60,808.
(With PTI inputs)