Gold Hits Record High Thursday Amid Strong Demand

COMMODITIES

Overview

Gold prices surged to a new lifetime high on Thursday, buoyed by consistent demand from jewellers and stockists. The yellow metal saw an increase of ₹800, with prices varying across major Indian cities for 22K and 24K purity. This rise signals strong investor interest in gold as a safe-haven asset.

Gold prices reached a fresh lifetime high on Thursday. The domestic market saw sustained buying from jewellers and stockists, pushing the yellow metal up by ₹800.

This advance extends gains for a fifth consecutive session. In overseas trading, spot gold experienced a slight dip, though it remained near record levels.

City-Specific Rates

In Delhi, 24K gold traded at ₹14,333 per gram, while 22K gold was priced at ₹13,140 per gram. Similar high trading levels were observed across other major cities like Chennai, Mumbai, Kolkata, and Hyderabad.

Market Dynamics

Sustained demand in the physical market continues to be a key factor supporting gold prices. Investors are increasingly turning to gold as a hedge against economic uncertainties.

Global Performance

While domestic prices climbed, international spot gold experienced a minor correction. This divergence highlights strong local buying interest overriding global market sentiment.

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