Gold Glitters Amid a Narrow Range Trading

Commodity Market Watch

Over the last two weeks, the commodities market displayed cautious activity with investors trading within narrow margins, eagerly awaiting pivotal economic data and insights from Federal Reserve officials. 

Gold prices soared, hitting a record high of ₹65,000 per 10 grams in the national capital, a ₹800 increase driven by strong international trends—the session before saw gold closing at ₹64,200 per 10 grams. At the time of writing, the price of 24-carat gold stands at ₹65,000 per 10 grams, reflecting an ₹800 increase influenced by positive international market trends. 

Silver also saw a significant uptick, with prices jumping ₹900 to reach ₹74,900 per kilogram, up from ₹74,000 in the previous session. Internationally, gold prices on the Comex market rose to USD 2,110 per ounce, an over 1 per cent increase from its last close.