Gold Prices Today: The rise in gold prices was already going on, now due to global tension, gold prices have started increasing. On Tuesday, April 16, 2024, gold prices reached its record high of Rs 73,750 per 10 grams in the bullion market of Delhi NCR. Earlier, the record high price was Rs 73,300, which was seen in the bullion market on April 12.
Gold and silver prices in the bullion market reached new all-time high due to strong global cues amid increasing tension between Iran and Israel. According to HDFC Securities, on Tuesday, gold prices in Delhi NCR rose by Rs 700 to reach an all-time high of Rs 73,750 per 10 grams. On Monday, gold closed at Rs 73,050 per 10 grams. Silver price jumped by Rs 800 to reach a record high of Rs 86,500 per kg.
On the rise in gold and silver prices, Saumil Gandhi, Commodity Research Analyst at HDFC Securities, said, in view of the positive signals from foreign markets, the price of gold in Delhi markets is trading at Rs 73,750 per 10 grams, which is higher than the previous closing price. Which is Rs 700 more than Rs. In the international market Comex, gold is trading at $ 2,370 an ounce, which is $ 15 more than the previous closing price.
Experts say that after Iran's attack on Israel, investors are preferring to invest in safe asset classes. Therefore, the demand for gold has increased due to which the prices of gold are rising. On MCX, gold was trading at Rs 72,626 per 10 grams, which had reached a high of Rs 72,927 per 10 grams during the day.
Global investment firm Goldman Sachs has said in its research report that gold in the international market can go up to $ 2700 per ounce by the end of the current year. This means that there are chances of further rise in gold price in the coming days.
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