Gold Prices Hit One-Month High in Delhi Amid Global Rate Surge
Gold prices in Delhi surged to a one-month high of Rs 1.5 lakh per 10 grams on Wednesday, marking the second straight day of gains. The precious metal's price rose by Rs 2,500 or 1.7% from Tuesday's closing level of Rs 1.47,500 per 10 grams.
The All India Sarafa Association reported that gold prices have reached levels not seen since July 6, when they settled at Rs 1,50,650 per 10 grams. The rally in global precious metal rates is driving the increase in gold prices in Delhi.
Silver also experienced a significant gain, rising by Rs 6,200 to almost a one-month high of Rs 2,32,700 per kilogram. This price surge comes after silver had settled at Rs 2,26,500 per kg in the previous session.