Gold rate today: Gold prices surged by Rs 550 to Rs 99,300 per 10 grams in the national capital on Monday, driven by persistent buying from jewellers and retailers, according to the All India Sarafa Association. The precious metal, with 99.9 per cent purity, had closed at Rs 98,750 per 10 grams on Friday. Since Wednesday of the previous week, gold prices have risen by Rs 2,760 per 10 grams.Gold with 99.5 per cent purity also saw a rise of Rs 500, settling at Rs 98,800 per 10 grams (inclusive of all taxes) on Monday, PTI reported.Additionally, silver prices surged by Rs 1,170 to Rs 1,00,370 per kg (inclusive of all taxes), compared to Rs 99,200 per kg in the previous market session.In global markets, spot gold prices dipped by USD 24.83 per ounce, or 0.74 per cent, to USD 3,332.59 per ounce.“In the international markets, gold prices slipped as safe-haven demand weakened after President Donald Trump postponed the imposition of a 50 per cent tariff on EU goods, shifting the deadline to July 9,” said Rahul Kalantri, Vice-President of Commodities at Mehta Equities Ltd.Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, added that investors are now awaiting the US Federal Reserve’s FOMC (Federal Open Market Committee) meeting minutes, due on Wednesday, to gauge the potential trajectory for interest rate cuts.
