Gold rate today: Gold prices jumped Rs 1,000 on Tuesday to reclaim the Rs 1 lakh per 10 grams mark in the national capital amid strong buying by stockists, according to the All India Sarafa Association.The price of gold with 99.9% purity hit a four-week high of Rs 1,00,020 per 10 grams, up from the previous close of Rs 99,020. This is the first time gold has reached this level since June 19, PTI reported.Gold of 99.5% purity (inclusive of all taxes) also climbed Rs 1,000 to Rs 99,550 per 10 grams, up from Rs 98,550 in the previous session.Silver prices surged alongside gold, rising by Rs 3,000 to Rs 1,14,000 per kilogram (inclusive of all taxes), from Rs 1,11,000 per kg on Monday.Meanwhile, in the global markets, spot gold slipped 0.28 per cent to $3,387.42 per ounce.“Gold traded in a narrow and volatile range between $3,395 and $3,383 on Comex, reflecting a lack of fresh triggers from trade deals or major global developments,” Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, said.Spot silver also declined 0.11 per cent to $38.89 per ounce.“Investors will closely monitor the US Federal Reserve Chair Jerome Powell and Governor Michelle Bowman’s speech later in the day for guidance on the central bank’s monetary policy stance,” said Chintan Mehta, Chief Executive Officer of Abans Financial Services.According to Riya Singh, Research Analyst – Commodities and Currency at Emkay Global Financial Services, “Traders will track China’s loan prime rate decision, and key US macroeconomic data releases, including PMI and durable goods orders, which could shift interest rate expectations and determine the next directional impulse for gold globally.”
