Indian gold futures also hit a record high on Monday and squeezed demand in the world's second-biggest consumer of the metal, said dealers. Gold prices across the world have been boosted due to growing rate-cut expectations, central bank purchases and geopolitical tensions.
A recent, World Gold Council data suggested that the for quarter ended September 2021 demand for gold jumped to 47 per cent YoY to 139.1 tonnes as compared to 94.6 tonnes in the year ago.
Gold jumped Rs 159 to Rs 46,301 per 10 gram in the national capital on Thursday reflecting a recovery in international precious metal prices, according to HDFC Securities.
Currently, the December contract of Gold futures on the MCX is trading at Rs 51,281 per 10 gram higher by Rs 461 or 0.91 per cent from the previous close.
Gold prices jumped Rs 1,182 to Rs 54,856 per 10 gram on Tuesday in the national capital following rally in international prices of the yellow metal, according to HDFC Securities.
Amid the global uncertainty, investment demand and supply concerns, touching fresh record levels has become the new normal for gold and silver prices. Continuing with the bull run, gold futures on Friday touched a new all-time high of Rs 56,191 per 10 gram.
Gold price today: Gold prices in Indian markets rose more than 1 per cent on March 2 after seeing a sharp fall in the previous session. On the Multi Commodity Exchange (MCX), April gold contracts were trading higher by Rs 280, or 0.70 per cent, at Rs 41,677 per 10 gram at 09:20 hours.
Finance Minister Nirmala Sitharaman on Friday in her maiden budget speech has an announcement that might not be music for the middle-class consumers who buy gold for various reasons. The government has increased customs duty on gold and other precious metals to 12.5 per cent from the existing 10 per cent, said Finance Minister in the Lok Sabha.
Bullion traders said sentiments were also buoyant on firming trend in global markets where gold surged to over three-month high as the dollar eased and equity markets skidded to multi-months low.
New Delhi, Jun 6: Gold prices rose by Rs 126,or 0.40 per cent to Rs 30,137 per 10 grams in futures trade today, extending previous gains as speculators engaged in building positions, tracking a firming
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