Gold Soars ₹1,650 to Hit Fresh Peak of ₹98,100

Gold prices soared by ₹1,650 to hit an all-time high of ₹98,100 per 10 grams in the national capital on Wednesday amid a global rush for safe-haven buying triggered by an escalated trade war between the US and China.

- Press Trust of India

NEW DELHI:

According to the All India Sarafa Association, the precious metal of 99.9% purity had finished at ₹96,450 per 10 grams on Tuesday. Gold prices recorded its steepest single-day hike on April 11 when it jumped ₹6,250 in the local markets.

So far this year, the yellow metal prices have added ₹18,710 or 23.56% since January 1 level of ₹79,390 per 10 grams.

Gold of 99.5% purity also appreciated by ₹1,650 to hit a fresh peak of ₹97,650 per 10 grams against the previous close of ₹96,000 per 10 grams. Additionally, silver prices climbed by ₹1,900 to ₹99,400 per kg. The white metal had closed at ₹97,500 per kg on Tuesday.