Prices of precious metals rose sharply in the national capital on Monday, as heightened safe-haven buying driven by escalating global trade tensions — following the US Supreme Court’s decision against former President Donald Trump’s tariffs — pushed rates higher. Silver rallied to Rs 2.7 lakh per kilogram, while gold climbed to Rs 1.6 lakh per 10 grams.
Data from the All India Sarafa Association showed that silver advanced by Rs 8,000, marking a 3.03 per cent gain, to reach Rs 2,72,000 per kilogram (inclusive of all taxes), up from Friday’s closing price of Rs 2,64,000 per kg.
Similarly, gold of 99.9 per cent purity rose by Rs 3,300, or 2.06 per cent, to Rs 1,62,800 per 10 grams (inclusive of all taxes), compared with its previous close of Rs 1,59,500 per 10 grams.
Both bullion metals continued their upward trajectory on Monday, touching their highest levels in three weeks, as investors sought refuge amid renewed uncertainty in global trade dynamics.