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Gold, Silver Set Fresh Records in India With Delhi at Rs 1.12 Lakh per 10 Grams

Investors rotated into gold on rate-cut bets, lifting Indian prices to fresh records.

Overview

  • In Hyderabad, 24K gold traded around Rs 11,029 per gram, taking prices past Rs 1.10 lakh per 10 grams.
  • In Delhi, gold rose Rs 5,080 to a record Rs 1,12,750 per 10 grams.
  • Silver climbed Rs 2,800 to an all-time high of Rs 1,28,800 per kilogram.
  • International spot gold touched a record $3,659.27 per ounce on Tuesday before easing slightly.
  • Analysts cited rate-cut expectations, a softer dollar, and central-bank and ETF buying, with domestic prices up about 43% this year.