New Delhi: The price of gold has continued its upward trajectory, crossing the significant threshold of ₹76,000 per 10 grams during the Pitru Paksha period. Traditionally, this time of year sees a slowdown in market activity as people refrain from shopping and initiating auspicious activities due to religious beliefs. However, the gold market has defied this trend, driven by international developments.
Despite the general market slowdown, gold prices have been setting new records daily. On Monday, the price of gold in Delhi’s bullion market surged by ₹600, reaching ₹76,950 per 10 grams. This follows the last trading session on Thursday, where gold of 99.9% purity closed at ₹76,350 per 10 grams.
The rise in gold prices can be attributed to several factors, including geopolitical tensions, economic uncertainties, and fluctuations in international markets. These elements have contributed to the increased demand for gold as a safe-haven asset, pushing prices to unprecedented levels.
As the global economic landscape remains volatile, investors are turning to gold as a reliable store of value, further fueling its price surge. The current trend suggests that gold prices may continue to rise, setting new records in the coming days.
