Gold prices rose ₹ 2,700 to ₹ 1,18,900 per 10 grams amid rising global demand for secure investment, while the US H-1B visa fee has fallen to a low level. According to the All India Sarafa Association, gold with 99.9 percent purity closed at ₹ 1,16,200 per 10 grams on Monday, September 22.
In the bullion market, gold with 99.5 percent purity rose ₹ 2,650 to a record level of ₹ 10 grams. It closed at ₹ 1,15,650 per 10 grams on Monday.
Traders said the price of precious metals has increased due to a sharp decline in the rupee against the US dollar. Due to the increase in US H-1B visa fees, foreign capital flow continued to rise by 47 paise against the US dollar on Tuesday (September 23).
On Tuesday, silver prices also increased significantly by ₹ 3,220 and reached the all -time high level of ₹ 1,39,600 per kg. Silver closed at ₹ 1,36,380 per kg on Monday, September 22.
In the international market, spot gold rose more than 1 percent to a record level of $ 3,791.10 per ounce. Spot silver was trading 0.57 percent to $ 44.32 per ounce.
Gold and silver prices reached a new record level on MCX on Tuesday, September 23, amid positive global signals and concerns about Trump's tariff.
October futures of MCX gold rose by about 2 percent to ₹ 1,14,163 per 10 grams, while MCX silver's December futures rose more than 1 percent to ₹ 1,34,980 per kg.
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