Gold prices surged Rs 450 to Rs 64,300 per 10 grams in the national capital on Thursday amid strong global cues, according to HDFC Securities. This is at least the second time the precious metal prices have touched a record high of Rs 64,300 per 10 grams on December 4.
"Gold prices are likely to remain high as weakened US dollar, lower Treasury yields, and heightened expectations of a Federal Reserve interest rate cut keep prices underpinned," Saish Sandeep Sawant Dessai, Analyst at Angel One, said.
The February gold futures were trading at Rs 63,164 per 10 grams on the MCX at 10.15 am and were up by Rs 210 or 0.33% from the previous day s closing price. Meanwhile, the March Silver futures were trading at Rs 75,640 per kg and were higher by Rs 254 or 0.34% around this time.
Gold prices climbed Rs 250 to Rs 63,750 per 10 grams in the national capital on Tuesday in line with a firm trend in global markets, according to HDFC Securities. The precious metal had ended at Rs 63,500 per 10 grams in the previous trade.