New Delhi: Gold prices surged to a record high in the national capital, crossing the ₹38,000 mark for the first time. The precious metal gained ₹550 to reach ₹38,470 per 10 grams as investors increasingly turned to safe-haven assets amid global economic uncertainty.
Market analysts attributed the rally primarily to escalating US-China trade tensions and concerns over slowing economic growth, both globally and domestically. International gold prices also crossed the $1,500-an-ounce level, their highest in six years, boosting sentiment in domestic markets.
Silver followed the upward trend, rising ₹630 to ₹44,300 per kilogram due to increased demand from industrial users and coin manufacturers.
