Gold rate today: Prices jump RS 2,700 to RS 1.18 LAKH/10G in India; Rupid weakness and worldwide demand drive rally – The Times of India

Gold rate today: Gold prices rose 2,700 to reach a new peak of RS 1.18,900 per 10 grams in the national capital, Tuesday, propelled by a sustainable global demand for the Safe-Haven-Activum and a sharp fall in the rupid after the US H-1B Visa Fee Hike.According to the All India Sarafa Association, 99.9 percent purity Gold was closed on RS 1.16,200 per 10 grams in the previous session, PTI reported. In the local precious metal market, 99.5 percent Purity also scaled a record high of RS 1.18.300 per 10 grams (including all taxes), an increase in RS 2,650 from the end of Monday of RS 1.15,650 per 10 grams.Traders noted that the steep fall of the rupid against the US dollar has been added to the meeting of the yellow metal. So far this year, Gold Prizes RS 39,950 per 10 grams have risen, or 50.60 percent, rising from RS 78,950 per 10 grams on December 31, 2024.Silver also collected sharp and climbed RS 3,220 to reach a record RS 1.39,600 per kilogram (including all taxes), against RS 1.36.380 per kg in the previous session. In 2025, silver prices rose 49,900 per kilogram, or 55.63 percent, of RS 89,700 per kg at the start of the year.“In the Delhi markets, the Spot Gold Price (24 carat) acts at a different record high from the previous closure. A weaker rupid further strengthens the price of domestic bulli -prizes,” said Saumil Gandhi, senior analysts at HDFC Securities, PTI listed.On Tuesday, the rupid 47 Paise written off to reach a low point of 88.75 against the US dollar, which is a reflection of persistent foreign funds in the midst of concern about the impact of higher H-1B visa costs on the export of the Indian IT services.In international markets, Spot rose more than 1 percent to $ 3,791.10 per ounce. “Spotgoud rose on Tuesday to a fresh of all times of $ 3,791 per ounce, driven by the increasing expectations of more American tariff reductions in 2025 and the news that China positions herself as a depositor of foreign sovereine goudreserves,” said Kaynat Chainwala, Avp Commodity Research, research.Chainwala added that the momentum was built from Friday, when listed funds 8.61 Lakh Troy Ounces added gold in one day, the biggest inflow of one day since January 2022. SPDR Gold Trust Holdings rose by 0.60 percent to 1,000.57 tons, the highest in more than three years, strengthening bullish sentiment.Renisha Chainani, head – research at Augmont, said: “Gold prices are getting a new record high driven by expectations that the American Federal Reserve (FED) can further reduce interest rates this year.” Last week the Fed lowered for the first time in 2025 and hinted with extra cuts while the labor market soften. Markets have priced nearly two cutbacks on 25-base-point for the remaining meetings this year, Chainani added.“Strong purchases from central bank, consistent ETF inflow and persistent geopolitical risks such as the Russia-Ukraine conflict and the economic consequences of President Donald Trump’s rates have also supported safe port flows,” she noticed.Spot Silver traded 0.57 percent higher at $ 44.32 per ounce. “Zilver zweefde boven $ 44 per ounce, omdat verschillende Fed -functionarissen aandringen op voorzichtigheid bij verdere tariefverlagingen, onder verwijzing naar tekenen van stabiliserende inflatie, terwijl de nieuwe gouverneur Stephen Miran waarschuwde dat de centrale bank het beleid van beleid verkeerd inschat en de arbeidsmarkt riskeerde zonder diepere versoepeling,” zei Jigar Trivedi, senior onderzoeksanalyse With relevant effects.Praveen Singh, head of raw materials and currencies at Mirae Asset Sharekhan, said that investors will follow the speech of Fed and the American PMI data closely for further instructions. “There may be some profit booking, because chairman Powell may not sound too Dovish and Pmis may be reassuring,” he added.