In Delhi, gold reaches a new all-time high of Rs 1.13 lakh per 10 grams.

According to the All India Sarafa Association, gold prices in the nation’s capital rose by Rs 100 on Thursday due to persistent buying by stockists, reaching a new all-time high of Rs 1,13,100 per 10 grams.

This year, gold prices have surged, rising from Rs 78,950 per 10 grams on December 31, 2024, to Rs 34,150, or 43.25 percent. Additionally, the 99.5% pure precious metal increased by Rs 100 to reach a new record high of Rs 1,12,600 per 10 grams (all taxes included).

“Gold prices have reached all-time highs as market risks have escalated, such as inflationary worries, mounting public debt, and weakening US growth. Exchange-traded fund flows, especially in Asia, have been a swing factor for gold prices,” Renisha Chainani, Head – Research at Augmont, said.

According to Sandip Raichura, CEO of Retail Broking & Distribution and Director at PL Capital, gold has had a blockbuster year, with domestic prices up more than 40 per cent in 2025.

“The surge has been driven by heavy central bank buying, strong inflows into exchange-traded funds, expectations of multiple rate cuts, and persistent geopolitical tensions linked to tariffs,” Raichura said.

Due to these causes, gold has become the preferred safe haven; nevertheless, he warned, new allocations at record levels now involve the risk of volatility.

Furthermore, the price of silver dropped by Rs 500 on Thursday to Rs 1,28,000 per kilogram (including all taxes). The price of the white gold has dropped to Rs 1,28,500 per kilogram during the last trading session. Nonetheless, gold prices weakened on the global market, with spot gold trading 0.52% down at USD 3,621.91 an ounce. At USD 41.01 an ounce, spot silver also fell 0.35 percent.

“Gold prices (in the global market) saw minor profit booking as anticipation builds ahead of next week’s Fed policy meeting, with uncertainty over a 25 basis points or 50 basis points interest rate cut,” Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, said.

Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said, “Investors are awaiting the latest US consumer inflation report, which is scheduled to be released later in the day.”

The report is expected to provide further clarity on inflation, potentially influencing the magnitude of the Federal Reserve’s anticipated interest rate cut next week,” Gandhi added.