Gold Breaks All Records, Crosses ₹92,000; Silver Prices Also Rise
New Delhi, 28 March – (www.deccanlive.com): Gold prices have reached an all-time high, crossing ₹92,000 per 10 grams. In Delhi’s bullion market, the price of 99.9% pure gold surged by ₹1,100, reaching ₹92,150 per 10 grams. In the previous session, it was at ₹91,050 per 10 grams. Over the past year, gold prices have risen by 35%, increasing from ₹68,420 per 10 grams in April 2023 to the current high.
For the third consecutive session, 99.5% pure gold also surged by ₹1,100, reaching ₹91,700 per 10 grams, surpassing its previous closing price of ₹90,600.
Silver Prices Also Surge
Silver prices increased by ₹1,300, reaching ₹1,03,000 per kilogram, nearing its record high of ₹1,03,500 per kilogram recorded on March 19.
Gold Rate Today in India
| Gold Rate | Gold Rate In Bangalore | Gold Rate In Chennai | Gold Rate In Delhi | Gold Rate In Hyderabad | Gold Rate In Mumbai |
|---|---|---|---|---|---|
| 22 Carat | ₹82,410 | ₹82,360 | ₹82,510 | ₹82,360 | ₹82,360 |
| 24 Carat | ₹89,900 | ₹89,850 | ₹90,000 | ₹89,850 | ₹89,850 |
Expert Opinions
Experts suggest that rising global trade tensions and economic uncertainty have fueled gold’s price surge. Soumil Gandhi, Senior Analyst at HDFC Securities, stated that trade war concerns have boosted demand for gold as a safe-haven asset. Jatin Trivedi from LKP Securities added that the upcoming tariff hikes from April 2 are expected to increase market uncertainty.
Global Market Trends
On the international front, spot gold hit a record high of $3,086.08 per ounce, while COMEX gold futures surged to $3,124.40 per ounce. Analysts at Kotak Securities attribute this rise to fears of escalating trade conflicts, especially after U.S. President Trump’s warnings regarding tariffs on European Union and Canadian imports.
