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Gold Rallies ₹1,000 to Reclaim ₹1L Amid India-Pak Tensions
Hindustan Times West UP
|May 08, 2025
Gold prices surged ₹1,000 to breach the crucial ₹1 lakh per 10 gram-mark in the national capital on Wednesday as escalating tensions between India and Pakistan triggered a safe-haven buying rush.
NEW DELHI:
According to the All India Sarafa Association, the precious metal of 99.9% purity climbed ₹1,000 to ₹1,00,750 per 10 grams from Tuesday's closing of ₹99,750 per 10 grams.
In retaliation for the Pahalgam terror attack, Indian armed forces early on Wednesday carried out missile strikes on nine terror targets in Pakistan and Pakistan-occupied Kashmir (PoK), including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba's base in Muridke.
Meanwhile, gold of 99.5% purity jumped ₹1,050 to ₹1,00,350 per 10 grams on Wednesday. It had ended at ₹99,300 per 10 grams in the previous market close.
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