March 5: Gold prices rose by ₹300, reaching ₹89,300 per 10 grams in the national capital, continuing their upward trend due to global economic concerns. The previous session saw gold priced at ₹89,000 per 10 grams.
The increase is driven by strong demand for safe-haven assets and a softening US dollar. Escalating trade tensions, particularly with the US, Canada, and China, have added to market uncertainty, further boosting gold’s appeal.
Silver prices also climbed, gaining ₹1,000 to ₹99,000 per kg. Gold futures for April delivery on the MCX followed a similar upward trend, reflecting broader market optimism in precious metals.