Gold price rises ₹350 to regain ₹89k-mark, nears record high

Gold prices rose ₹350 to trade near a record high at ₹89,100 per 10 grams in the national capital on Monday amid firm global trends, according to the All India Sarafa Association.

- Press Trust of India

NEW DELHI:

The precious metal of 99.9% purity had closed at ₹88,750 per 10 grams on Friday.

Gold of 99.5% purity increased ₹350 to ₹88,700 per 10 grams from the previous close of ₹88,350 per 10 grams.

"Gold traded with a modest gain on Monday as geopolitical and trade tensions continued to provide a safe haven demand to hedge against uncertainty," Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.Last week, gold of 99.9% and 99.5% purity hit fresh peaks of ₹89,450 and ₹89,050 per 10 grams, respectively.

However, silver traded flat at ₹1 lakh per kg.