Record Gold Prices: Rs.85,300 Per 10 Grams – Here’s What You Need to Know!

Record Gold Prices: ₹85,300 Per 10 Grams – Here’s What You Need to Know!
Gold prices experienced a significant increase of ₹400, hitting a record high of ₹85,300 per 10 grams in the national capital on Monday. This rise is attributed to ongoing demand from jewellers and stockists, as reported by the All India Sarafa Association.
Traders have linked the increase in gold prices to the significant decline of the rupee and robust movements in global markets, which have driven gold rates to unprecedented heights.
On Saturday, gold with 99.9% purity was priced at ₹84,900 per 10 grams. Meanwhile, gold with 99.5% purity maintained its upward trajectory for the fourth consecutive session, rising by ₹400 to reach ₹84,900 per 10 grams, following a previous close of ₹84,500 per 10 grams.
Silver continued its upward trend for the fifth straight session, increasing by ₹300 to achieve a price of ₹96,000 per kg on Monday, compared to the previous closing price of ₹95,700 per kg.
On Monday, the rupee experienced a decline of 55 paise, closing at a provisional record low of 87.17 against the US dollar. This drop was influenced by a downturn in global market sentiment, following the Trump administration’s decision to impose tariffs on Canada, Mexico, and China.
In contrast, during MCX futures trading, gold contracts for April delivery saw an increase of ₹461, or 0.56%, bringing the price to ₹82,765 per 10 grams.
On Saturday, gold futures for April delivery experienced a significant increase of ₹1,127, achieving a record high of ₹83,360 per 10 grams, coinciding with the presentation of the Union Budget 2025-26 by Union Finance Minister Nirmala Sitharaman.
Silver futures for March delivery experienced an increase of ₹436, representing a rise of 0.47%, bringing the price to ₹93,650 per kg.
In contrast, on the global market, Comex gold futures saw a decrease of $7.50 per ounce, equivalent to a decline of 0.26%, settling at $2,827.50 per ounce.