Gold Prices Skyrocket in Delhi

In a remarkable surge, gold prices in Delhi have crossed the Rs 1 lakh per 10 grams mark, a level not seen since June 19. This jump of Rs 1,000 was driven by vigorous buying from stockists, as reported by the All India Sarafa Association.

Silver Prices Follow Suit

Not to be outdone, silver prices also witnessed a significant increase, rising by Rs 3,000 to Rs 1,14,000 per kilogram. This parallel rise underscores the current bullish trend in precious metals.

Global Markets Show Mixed Signals

While local markets thrive, global spot gold experienced a slight decline, dropping 0.28% to $3,387.42 per ounce. Analysts attribute this to a lack of fresh triggers from major global developments or trade deals.

Investors Await Key Economic Indicators

Market participants are keenly awaiting speeches from US Federal Reserve officials and key macroeconomic data releases, which could influence future interest rate expectations and, consequently, gold prices globally.