Wed Oct 30 08:19:23 UTC 2024: ## Gold Prices Surge on Dhanteras, Reach Record High in Delhi
**New Delhi:** Gold prices in Delhi’s bullion market soared by ₹300 on Tuesday, reaching a record high of ₹81,400 per 10 grams, fueled by strong demand from jewelers and retailers on the auspicious occasion of Dhanteras.
Silver prices also witnessed a surge of ₹200, settling at ₹99,700 per kilogram, driven by increased demand from industrial units and coin manufacturers.
Traders observed a preference for silver coins over traditional gold purchases at current price levels, highlighting the shift in market dynamics.
The 99.5% purity gold also reached a record high of ₹81,000 per 10 grams, climbing ₹300 from the previous day’s closing.
Jatin Trivedi, Vice President (Research Analyst-Commodities and Currency) at LKP Securities, attributed the positive trend to the increased buying sentiment on Dhanteras. “The auspicious day saw heightened buying activity, pushing prices higher on MCX and surpassing ₹80,000 in the spot bullion market.”
On the Multi Commodity Exchange (MCX), gold futures for December delivery gained ₹178 to close at ₹78,744 per 10 grams, while silver futures for December delivery rallied ₹786 to end at ₹98,210 per kilogram.
Globally, gold futures rose 0.23% to $2,762.20 per ounce, while silver futures gained 0.95% to $34.33 per ounce in the Asian market.
First Piper 