Gold Prices Soar to One-Month High in Delhi Amid Global Rate Increase
Gold prices surged to a one-month high in Delhi on Wednesday, rising by Rs 2,500 or 1.7% to Rs 1,50,000 per 10 grams. This comes after global gold rates increased 2.09% to USD 4,162.76/ounce.
The All India Sarafa Association reported that the precious metal had last traded at these levels on July 6 when it settled at Rs 1,50,650 per 10 grams.
Silver also saw a significant increase, rising by Rs 6,200 to almost a one-month high of Rs 2,32,700 per kilogram. This comes after the yellow metal and silver had remained flat in the previous session.