Gold tops 1.5L/10gm, silver above Rs 3L/kg
Gold broke above the Rs 1.5 lakh/10gm mark for the first time while silver traded above the Rs 3 lakh/kg mark, both all-time highs in domestic markets.
In global markets, on New York Commodity exchange, gold breached the $4,700/ounce (Oz) mark for the first time while silver neared the $100/Oz mark as it traded above the $95 level.“Bullion prices are being driven purely by US President Donald Trump’s threats over Greenland,” said Avinash Gupta, vice-chairman of All India Gem & Jewellery Domestic Council.
US treasury secretary Scott Bessent said the announcement of a new Fed chief could come as early as next week.
“If that happens, interest rates may fall, fuelling a further surge in gold and silver prices,” Gupta said.
