Gold Climbs Rs 200, Silver Appreciates Rs 700

New Delhi: Gold prices climbed Rs 200 to Rs 99,400 per 10 grams in the national capital on Thursday following fresh buying by stockists and jewellers and a weak dollar, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity took a U-turn from the historic Rs 1 lakh-mark and declined Rs 2,400 to Rs 99,200 per 10 gram on Wednesday. Gold of 99.5 per cent purity also increased Rs 200 to Rs 98,900 per 10 grams against the previous close of Rs 98,700 per 10 grams. Meanwhile, silver prices appreciated Rs 700 to Rs 99,900 per kg on Thursday.

The white metal had settled at Rs 99,200 per kg in the previous close. Globally, spot gold rose $47.16, or 1.43 per cent, to $3,335.50 per ounce. Spot silver in the Asian trading hours fell 0.48 per cent to $33.42 per ounce. US Treasury Secretary Scott Bessent on Wednesday said the current trade standoff between the US and China could continue for a while.

Adding to this, there were reports that President Donald Trump signalled that China may receive a new tariff rate in the next “two to three weeks” while countries that are currently in the negotiation phase might see reciprocal tariffs come in if negotiations are not going the way he wants. According to commodities market experts, remarks by Trump and Bessent help revive demand for the safe-haven bullion following a corrective slide from the all-time peak.