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Gold Jumps ₹800 To ₹ 98,820/10 G; Silver Rallies ₹2,000
Kashmir Observer
|AUGUST 6, 2025 ISSUE
Gold prices jumped by Rs 800 to Rs 98,820 per 10 grams in the national capital on Tuesday due to heavy buying by stockists, according to the All India Sarafa Association.
The yellow metal of 99.9 per cent purity had settled at Rs 98,020 per 10 grams in the previous market close.
Gold of 99.5 per cent purity in the national capital appreciated by Rs 700 to Rs 98,500 per 10 grams (inclusive of all taxes) on Tuesday. The precious metal had closed at Rs 97,800 per 10 grams on Monday.
"Gold prices rose on Tuesday, supported by demand for safe haven and an increasing consensus that the US Federal Reserve will restart its interest rate-cutting cycle in the upcoming meeting next month.
This story is from the AUGUST 6, 2025 ISSUE edition of Kashmir Observer.
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