Gold skyrockets ₹6,250 to breach ₹96,000 level as U.S.-China trade war intensifies
The Hindu
Gold prices hit lifetime highs amid escalating U.S.-China tensions, boosting domestic prices; silver also surged in tandem with global trends.
Gold prices surged by ₹6,250 to hit a record high of ₹96,450 per 10 grams in the national capital on Friday (April 11, 2025) due to heavy demand from local jewellers and retailers, according to the All India Sarafa Association.
Analysts said the precious metal hitting lifetime high levels in the international markets on strong safe-haven demand amid escalating U.S.-China trade tensions boosted the domestic prices.
On Wednesday, the yellow metal of 99.9% purity had closed at ₹90,200 per 10 grams.
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Rebounding after four days of sharp fall, gold of 99.5% purity surged by ₹6,250 to touch an all-time high of ₹96,000 per 10 grams against the previous close of ₹89,750 per 10 grams.
Silver prices also registered a steep rise of ₹2,300 to ₹95,500 per kg, largely in tandem with global trends. The white metal had closed at ₹93,200 per kg in the previous market close.
Bullion markets were closed on Thursday on the occasion of Mahavir Jayanti.
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