This year alone, gold has surged Rs 58,650, or 74.3%, from Rs 78,950 per 10 grams at the end of 2024. Silver, meanwhile, remained largely flat at Rs 1,99,500 per kilogram, having jumped 122.41% from Rs 89,700 at the close of last year

metro india news  I new delhi : Gold prices in Delhi soared by Rs 4,000 on Monday, reaching a lifetime high of Rs 1,37,600 per 10 grams, buoyed by strong global trends, according to the All India Sarafa Association. The 99.9% pure yellow metal had closed at Rs 1,33,600 per 10 grams on Friday.

“Gold prices surged as international spot gold approached the USD 4,350 mark, sparking a sharp rally in domestic markets,” said Jateen Trivedi, VP Research Analyst at LKP Securities. He noted that renewed safe-haven demand and anticipation around upcoming US economic data, including non-farm payrolls and the Core PCE Price Index, are keeping volatility elevated.

This year alone, gold has surged Rs 58,650, or 74.3%, from Rs 78,950 per 10 grams at the end of 2024. Silver, meanwhile, remained largely flat at Rs 1,99,500 per kilogram, having jumped 122.41% from Rs 89,700 at the close of last year.

Globally, spot gold gained USD 49.83, or 1.16%, to USD 4,350.06 per ounce on Monday, marking its fifth consecutive session of gains. Over the past five sessions, it has risen USD 159.32, or 3.8%, from USD 4,190.74 per ounce on December 8.

“Gold is trading positively as the US Federal Reserve continues rate cuts amid elevated inflation and injects liquidity through Treasury bill purchases,” said Praveen Singh, Research Analyst, Mirae Asset ShareKhan. Spot silver advanced slightly to USD 63.96 per ounce, having touched a record USD 64.65 last Friday.