In the previous session, gold ended at Rs 71,350 per 10 grams.
Silver prices also rose by Rs 800 to hit a new high of Rs 84,000 per kg. In the previous trade, it settled at Rs 83,200 per kg.
“Spot gold (24 carat) prices in Delhi markets are trading at a record high of Rs 71,700 per 10 grams, up by Rs 350, tracking bullish signals from overseas markets,” Saumil said Gandhi, senior commodities analyst at HDFC Securities. .
In international markets, COMEX spot gold traded at $2,336 per ounce, up $7 from the previous close.
Traders paid no attention to the upbeat US jobs report and instead focused on bullion’s uptrend that has been going on for the past few weeks. This caused the price of gold to hit a new record high on Monday, Gandhi added. Jateen Trivedi, vice president research analyst at LKP Securities, said: “Gold prices continued their upward trajectory, supported by a surge in global COMEX prices, which reached USD 2,350 per ounce early on Monday. Morning. Banks provided significant price support alongside sustained geopolitical tensions and anticipation of an imminent reversal in interest rates. Although the overall price outlook remains bullish, some correction can be expected towards Rs 69,500 during this week.
Additionally, silver prices are also trading higher at USD 27.80 per ounce. In the previous session, it closed at USD 27.45 per ounce.
