New Delhi – Today, the price of gold increased by ₹6,250, reaching a record high of ₹96,450 per 10 grams in the national capital. This sharp increase was fueled by rising local demand and a global rally triggered by growing concerns over the trade conflict between the United States and China.
As per the All India Sarafa Association, the domestic price rise reflects international trends, with investors moving to safer assets due to escalating trade-related uncertainties.
Silver Follows Suit with a Sharp Rise
Silver prices also recorded a significant jump of ₹2,300, closing at ₹95,500 per kilogram, compared to ₹93,200 previously. The rise was influenced by both investor demand and industrial consumption.
Global Uncertainty Spurs Safe-Haven Investments
Analysts say the renewed interest in gold stems from the growing appetite for safe-haven assets, as financial markets remain volatile. Inflation worries and ongoing trade disruptions have pushed investors toward precious metals.
“International gold prices are surging as investors seek protection from geopolitical risk and inflation. This momentum is driving Indian prices upward,” said a commodities specialist at a Mumbai-based firm.
Tensions between Washington and Beijing have intensified in recent weeks, with both nations imposing fresh tariffs. This back-and-forth has unsettled global markets, increasing the appeal of stable investments like gold.
Strong Domestic Buying Adds to the Rally
Jewellers and retailers in India are also contributing to the rally as they prepare for the upcoming festive and wedding seasons. Many customers are choosing to buy early, anticipating further increases in gold prices.
“There is clear movement at the retail level. People are advancing their purchases before prices rise further,” said bullion trader Suresh Hundia.
Traders also noted that fluctuations in currency and limited supply are additional reasons behind the spike in gold prices.
Positive Outlook for Gold Price Today
With gold price today crossing the ₹96,000 mark, experts believe the bullish trend is likely to continue in the near future. On the global front, spot gold was trading around $2,475 per ounce, gaining 2.1% for the week — its best performance in almost 12 months.
Silver, too, remains strong, supported by its dual role as a safe investment and a key material in industries like electronics and green energy.
A report from ICICI Direct mentioned, “Precious metals like gold and silver will stay in demand as long as economic risks remain and interest rates stay low.”
