Gold jumps, 400, crosses ₹ 85,000-marks for the first time; What is fuel to the rally?

Gold prices increased 400, reaching a new all-time high According to the All India Sarafa Association, 85,300 per 10 grams in the national capital on Monday are inspired by continuous demand from jewelers and stockists in the national capital.

The traders attributed the rapid depreciation of the rupee and the increase in strong trends in international markets, which brought gold rates to a record level.

Sleep The purity of 99.9% was stopped On Saturday, 84,900 per 10 grams, while 99.5% purity gold continued its upward trend for the fourth straight session, climbing 400 on 84,900 per 10 grams. In the last trading session, it was settled 84,500 per 10 grams.

During this time, silver Extended his rally for fifth consecutive season, received To reach 300 96,000 per kg on Monday, from above 95,700 per kg in previous closes.

On Monday, the rupee topped 55 money to settle at the record of 87.17 (provisional) against the US dollar, as the global market spirit weakened after implementing tariffs on Canada, Mexico and China.

Meanwhile, in MCX Futures Trading, Gold Contract for April delivery 461, or 0.56%, reaching 82,765 per 10 grams.

What is behind the rally?

Jetten Trivedi, VP Research Analyst to LKP Securities, LKP Securities, said, “Sona ralled positively on MCX. Participants extended gold allocation as concerns on a possible trade war 2.0 from the US.

On Saturday, Gold futures For April delivery 1,127, reaching an all -time high 83,360 per 10 grams per 10 grams of Union Finance Minister Nirmala Sitarman presented the Union Budget 2025-26.

Meanwhile, silver futures increased for march delivery 436, or 0.47%, 93,650 per kg.

On the global front, Comex Gold Futures fell by $ 7.50 an ounce or 0.26%, $ 2,827.50 an ounce.

Senior analyst of commodities at HDFC Saumil Gandhi said, “Gold began trading on a weak note, which was pressurized by US dollar and long liquidity. US dollar reached a three -week high, weekend in the weekend After Trump’s setting tariff, “the securities said.

On Friday, Gold futureFor April, S for April hit an all -time high of USD 2,862.90 per ounce in the international market.

This week is important for goods with US macroeconomic data-inaugurating job jobs, ISM services, ADP employment and non-agricultural payroll-on cards, which will provide trajectory for bullion prices, Praveen Singh, Associate VP, fundamental currencies and commodities, Mirai Asset Sharekhan said.

Comex Silver Futures trading 0.50 percent less at the USD 32.10 an ounce in the Asian market hours.