Gold prices have surged once again. In the national capital, Delhi, the price of 10 grams of 99.9% pure gold increased by ₹600, reaching ₹89,450. This price was last recorded on the 20th of the previous month, and it has now returned to the same level. Market experts attribute the rise to increased demand in the international market.
Silver prices have also seen an upward trend. The price of one kilogram of silver rose by approximately ₹1,000, from ₹1,00,200 in the previous session to ₹1,01,200 today.
On the international front, gold prices have reached $2,946 per ounce. With inflation in the US surpassing expectations, there is a possibility of the Federal Reserve cutting interest rates. This has led investors to shift their focus towards gold.