TNFGold prices have reached their highest level in a month, rising by ₹1,400 in a single day. On Tuesday, the price of gold in local markets surged to ₹74,150 per 10 grams. This is up from ₹72,750 per 10 grams last Friday. Silver also saw a significant increase, climbing by ₹3,150 to ₹87,150 per kilogram from its previous closing price of ₹84,000 per kilogram.
The rise in gold prices comes after a period of decline following the Finance Minister’s announcement of reduced import duties on gold in the Union Budget for the financial year 2024-25. On July 23, gold prices had dropped by ₹3,350 to ₹72,300 per 10 grams.
In the national capital, gold with 99.9% and 99.5% purity closed at ₹74,150 and ₹73,800 per 10 grams respectively, showing an increase of ₹1,400 from previous prices.
Traders attribute the recent spike in gold prices to growing demand from local jewelers and strong global trends. Internationally, gold is trading at $2,560.10 per ounce, up by $18.80, while silver is at $30.19 per ounce.
In Indore’s local market, gold and silver prices increased significantly on Tuesday compared to Saturday. Gold is now priced at ₹73,700 per 10 grams, silver at ₹86,000 per kilogram, and silver coins at ₹900 per 10 grams.
This sharp rise in gold prices highlights a strong demand in both local and global markets.
