Gold Price: Gold's wonder in Delhi, silver rises by Rs 1500

Gold Price: In the country’s capital Delhi, the prices of gold and silver were falling for 4 consecutive days. But on Wednesday, there has been an increase in the prices of gold. Where the price of gold has seen an increase of more than Rs 200. At the same time, the price of gold has seen an increase of Rs 1,500. According to experts, there may be fluctuations in the prices of gold in the coming days. Talking about foreign markets, there has been an increase in the prices of gold. Let us also tell you how much can be the prices of gold and silver in Delhi?

Rise in gold prices

According to the All India Sarafa Sangh, on Wednesday, the price of gold broke the four-day decline trend and rose by Rs 235 to Rs 90,685 per 10 grams. On Tuesday, the yellow metal of 99.9 percent purity closed at Rs 90,450 per 10 grams. Gold of 99.5 per cent purity rose by Rs 235 to Rs 90,235 per 10 grams, while its price closed at Rs 90,000 per 10 grams on the previous day. Traders said that fresh buying by retailers after recent losses improved gold prices.

Big jump in silver prices

He said strong global trends also influenced the sentiment. Silver prices also rose by Rs 1,500 to Rs 1,01,500 per kg. The white metal closed at Rs 1,00,000 per kg on Tuesday. Meanwhile, spot gold rose 0.16 per cent to $3,024.96 an ounce in global markets. Apart from this, Comex gold futures for April delivery in the Asian market were quoted at $3,059.10 an ounce.

What are the experts saying

According to experts, gold rose slightly on Wednesday, driven by safe investment demand and strong inflows from gold-backed exchange traded funds (ETFs). Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said the uncertainty surrounding US President Donald Trump’s reciprocal tariff decision on April 2 appears to be a key factor supporting the safe investment metal gold.

Research analyst Jatin Trivedi, Vice President, Commodity and Currency, LKP Securities, said market participants are awaiting key macroeconomic data, including US GDP and Core Personal Consumption Expenditure (PCE) Price Index, which are scheduled to be released later this week. Trivedi said the broader trend will also be influenced by developments in the Russia-Ukraine situation, which could boost safe haven investment demand.