Gold Prices: Gold Surges To All-time High Of ₹68,420 | DelhiNews

New Delhi: Gold prices emerged by Rs 1,070 to hit an all-time high of Rs 68,420 per 10 grams in the national capital on Monday amid a rally in the precious metal in global markets, according to HDFC Securities. Gold had closed at Rs 67,350 per 10 grams in the previous trade. Silver prices also jumped by Rs 1,120 to Rs 78,570 per kg. In the previous trade, it had closed at Rs 77,450 per kg. Gold prices touched record levels as the US Federal Reserve is getting closer to cutting interest rates which is adding momentum to a rise in bullion prices. “Additionally, robust Chinese demand also feeding a rise in the prices of the precious metal,” Dilip Parmar, research analyst at HDFC Securities, said. Meanwhile, in futures trade on the MCX, the June contract of gold climbed Rs 978 to Rs 68,679 per 10 grams. The May contract of silver rose by Rs 763 to Rs 75,811 per kg.In the overseas markets, spot COMEX gold prices climbed as much as $2,265.7 per ounce and last quoted at $2,257.1 per ounce. agencies

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