NEW DELHI, Sep 11: Gold prices reached a new lifetime high of Rs 1,13,100 per 10 grams in the Indian capital, a record high, following sustained buying by stockists. Gold prices have been on a bull run this year, skyrocketing by 43.25 per cent from Rs 78,950 per 10 grams on December 31, 2024.
The precious metal of 99.5 per cent purity also advanced by Rs 100 to reach a fresh record peak of Rs 1,12,600 per 10 grams (inclusive of all taxes). Gold prices have reached all-time highs due to market risks such as inflationary worries, mounting public debt, and weakening US growth.
Exchange-traded fund flows, especially in Asia, have been a swing factor for gold prices. Gold has had a blockbuster year, with domestic prices up more than 40% in 2025. The surge has been driven by heavy central bank buying, strong inflows into exchange-traded funds, expectations of multiple rate cuts, and persistent geopolitical tensions linked to tariffs. Silver prices slipped Rs 500 to Rs 1,28,000 per kilogram (inclusive of all taxes) on Thursday. Gold prices in the international market softened, with spot gold trading 0.52% lower at USD 3,621.91 per ounce and spot silver slipping 0.35 per cent to USD 41.01 per ounce.
Investors are awaiting the latest US consumer inflation report, which is expected to provide further clarity on inflation and potentially influence the Federal Reserve’s anticipated interest rate cut next week. (PTI)
