Gold Silver Price: The price of gold in Delhi on Wednesday rose by Rs 1,650 to a new all-time high of Rs 98,100 per ten grams. Talking about the year 2025, so far the prices of the yellow metal have jumped by Rs 18,710 or 23.56 percent from the level of Rs 79,390 per 10 grams on January 1. Let us know the condition of the bullion market.

Gold prices on Wednesday rose by Rs 1,650 to a new all-time high of Rs 98,100 per ten gram in Delhi as safe-haven buying increased globally amid the escalating trade war between the US and China, according to the All India Sarafa Association. Gold of 99.9 percent purity had earlier closed at Rs 96,450 per 10 gram on Tuesday.

The highest single day increase in gold was seen on 11 April

The price of gold in the local market witnessed the highest single-day rise on April 11. Gold prices jumped by Rs 6,250 on that day. Talking about the year 2025, so far the prices of the yellow metal have jumped by Rs 18,710 or 23.56 percent from the level of Rs 79,390 per 10 grams on January 1. The price of gold of 99.5 percent purity rose by Rs 1,650 to a new high of Rs 97,650 per 10 grams. While in the previous trading session it closed at Rs 96,000 per 10 grams.

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Silver prices rise by Rs 1900 per kg

Apart from this, the price of silver rose by Rs 1,900 to Rs 99,400 per kg. On Tuesday, the price of silver closed at Rs 97,500 per kg. June delivery gold futures rose by Rs 1,984 or 2.12 percent to a record level of Rs 95,435 per 10 grams on the Multi Commodity Exchange.

Jatin Trivedi, Research Analyst, Vice President, Commodity & Currency, LKP Securities said, "Gold once again witnessed a strong rally... Gold hit historic high of Rs 95,000 on MCX while gold crossed $3,300 on COMEX indicating strong safe-haven demand."

Globally, spot gold is at a record high of $3318 an ounce

Globally, spot gold hit a record high of $3,318 an ounce. Later, it lost some gains and settled at $3,299.99 an ounce. "Gold hit a record high on rising trade war concerns after the US government tightened export rules for China," said Kaynat Chainwala, AVP, Commodity Research, Kotak Securities.

Gold rises as dollar index falls below 100 mark

According to Chintan Mehta, Chief Executive Officer of Abans Financial Services, gold prices reached a record high. This happened due to the US dollar index falling below 100 points. It is close to a three-year low. This has increased the trend towards safe investment. Spot silver rose by about 2 percent to $ 32.86 an ounce in the Asian market.

Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said that market participants are now waiting for macroeconomic data including US retail sales and industrial production to guess about the interest rate cycle of the US Federal Reserve.