Gold Breaches Rs 99,000 Mark; Silver Rises to Rs 1.11 Lakh per Kg

SRINAGAR: Gold prices rose by Rs 250 to Rs 99,020 per 10 grams in the national capital on Monday, driven by increased demand from stockists, according to the All India Sarafa Association.

Gold of 99.9 percent purity had closed at Rs 98,770 on Friday. Similarly, gold of 99.5 percent purity rose to Rs 98,550 from the previous close of Rs 98,300 per 10 grams (inclusive of all taxes).

Silver also gained Rs 500, settling at Rs 1,11,000 per kilogram on Monday, up from Rs 1,10,500.

Traders attributed the rise to improved local demand. Globally, spot gold rose 0.45 percent to USD 3,365.56 per ounce, supported by a weaker US Dollar and uncertainty around US tariff policy.

Spot silver in global markets rose 0.73% to USD 38.47 per ounce.

Analysts said markets are watching key US economic indicators and the upcoming speech by Federal Reserve Chair Jerome Powell for cues on interest rate trends and their impact on bullion prices.