Gold prices hit record Rs 84,900 per 10 gm on Union Budget 2025 day
PTC Web Desk: Gold prices soared to an all-time high of Rs 84,900 per 10 gm in the national capital on Friday, driven by strong domestic demand and global market trends. The All India Sarafa Association reported a Rs 1,100 surge in a single session for 99.9% pure gold, marking the third straight day of gains. Since the start of 2025, gold has appreciated by Rs 5,510 (7%), having been valued at Rs 79,390 per 10 grams on January 1.
Similarly, 99.5% purity gold also saw a Rs 1,100 rise, reaching Rs 84,500 per 10 gm. Silver followed suit, climbing Rs 850 to Rs 95,000 per kg, reflecting positive momentum in precious metals.
Factors contributing to the bullish trend in gold prices:
Global Market Influence: Spot gold crossed the $2,800 per ounce mark internationally, impacting Indian prices.
Safe-Haven Demand: Growing geopolitical tensions and renewed US tariff threats on Mexico, Canada, and China have increased investor interest in gold.
Monetary Policies: Expectations of interest rate cuts by key central banks, including the European Central Bank, are bolstering gold prices.
Market participants are closely watching the 2025-26 Union Budget, which may introduce duty structure changes, further influencing gold rates.
- With inputs from agencies
