In gold we trust: Yellow metal, silver log new highs
MCX March silver futures sprinted to Rs 2,14,583 a kg after topping $69/oz in international markets.
In the physical market, 24K gold was quoted at a new record of Rs 1,36,300 per 10gm, up Rs 1,970, while silver jumped Rs 5,000 to Rs 2,19,000 per kg in Delhi, sources said.
“Gold prices are skyrocketing as the US Fed keeps pumping liquidity,” said Surendra Mehta, national secretary, Indian Bullion and Jewellers Association.
“Central banks are still buying gold aggressively,” Mehta said.
Geopolitical tremors are adding fuel, said Avinash Gupta, vice-chairman of the All-India Gem & Jewellery Domestic Council.
