Experts say that the price rise could be due to the military conflict and disturbance in the Red Sea trade route.
Gold Price: For the first time, gold prices touched and breached new highs on Monday as gold hit Rs 71,080 per 10 grams. It happened after gold rose by Rs 440 amid a firm buying in precious metals. Gold traded firmly in green at Rs 71,030 at around 10 am.
Meanwhile, silver reached a new high of Rs 82,064 per kilogram on Monday.
Gold Rates On Monday; Check City-wise Prices (24K)
- Delhi: Rs 71,430 per 10 grams
- Mumbai: Rs 71,280 per 10 grams
- Kolkata: Rs 71,280 per 10 grams
- Chennai: Rs 72,650 per 10 grams
- Bangalore: Rs 71,280 per 10 grams
- Hyderabad: Rs 71,280 per 10 grams
- Ahmedabad: Rs 71,330 per 10 grams
- Vadodara: Rs 71,330 per 10 grams
- Surat: Rs 71,670 per 10 grams
- Pune: Rs 71,280 per 10 grams
- Nagpur: Rs 71,620 per 10 grams
- Jaipur: Rs 71,770 per 10 grams
- Lucknow: Rs 71,770 per 10 grams
- Patna: Rs 71,670 per 10 grams
- Chandigarh: Rs 71,770 per 10 grams
- Bhubaneswar: Rs 71,620 per 10 grams
According to the experts, much of the rise in gold price can be attributed to the ongoing military conflict in the Middle East region, especially after the latest surge in Israel and Iran tensions.
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