Wed Feb 05 08:59:36 UTC 2025: ## Gold Prices Surge, Reaching Near ₹86,000 per 10 Grams
**New Delhi:** Gold prices in India continued their upward trajectory on Wednesday, reaching near ₹86,000 per 10 grams due to increased demand from jewelers and retailers. The price of 10 grams of 99.9% pure gold rose by another ₹500 to reach ₹85,800, according to the All India Sarafa Association. This marks an over 8% increase since January 1st, totaling ₹6,410. Conversely, silver prices dipped by ₹500 per kg to ₹95,500, halting a five-day rally. The ongoing tariff negotiations between the US, Canada, and Mexico may slow down the gold price surge, according to Jatin Trivedi, VP at LKP Securities. International gold futures also saw record highs, briefly touching $2,876 per ounce. Meanwhile, the Malayalam film “Rekha Chitram,” a box office success, is set to release on OTT platforms. Other news includes ongoing Delhi Assembly elections, a meeting between Andhra Pradesh CM Jagan Mohan Reddy and YSRCP leaders in Vijayawada, and various other political and social events. A quote mentioning the ease of managing elections with EVMs was also reported, though the context remains unclear.
First Piper 