Gold Prices Soar to New High for Third Straight Day in India
Gold prices in India touched a fresh record high on Wednesday, March 19, 2025, marking the third consecutive day of gains, driven by global trends and heightened demand for the precious metal.
The price of gold in India reached Rs 90,300 per 10 grams for 99.5% purity, up by Rs 350 from the previous day. This marks the third day in a row that gold has hit an all-time high, reflecting strong market momentum.
In Delhi, gold of 99.9% purity was priced at Rs 90,450 per 10 grams, a significant jump from Rs 90,100 on Tuesday. The steady climb underscores gold’s appeal amid global economic uncertainties.
Globally, spot gold prices rose by 0.8% to $3,032.60 per ounce by 8:40 AM GMT on Wednesday. Escalating tensions in the Middle East and US economic concerns have bolstered gold’s status as a safe-haven asset.
ALSO READ | Nagpur Clashes: Police Name Fahim Khan as Mastermind, Release Photo
Silver prices in India remained unchanged at Rs 1,06,000 per kilogram for the second consecutive day. This stability contrasts with gold’s upward trajectory, highlighting different market dynamics.
Jateen Trivedi, VP Research Analyst at LKP Securities, noted, “Gold prices scaled higher as Comex Gold futures stayed above $3,050 per ounce, reflecting global bullish sentiment and safe-haven demand.”
The Multi Commodity Exchange (MCX) saw gold futures for April 4 delivery rise by Rs 318, reaching Rs 89,000 per 10 grams. This increase signals strong investor interest in gold as a hedge against uncertainty.
Analysts expect gold prices to remain firm in the near term, driven by geopolitical tensions and economic factors. Market watchers are closely monitoring global cues for further price movements.
