Gold prices on Wednesday rose by Rs 630 to a lifetime high of Rs 82,700 per 10 gram in the national capital's bullion market on demand from jewelers amid strong global trends . The All India Sarafa Association gave this information. Gold of 99.5 percent purity rose by Rs 630 to a highest level of Rs 82,330 per 10 gram, rising for the sixth consecutive session. Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said that gold prices touched a new record high on Wednesday. The rise in gold continues due to investment towards precious metals amid uncertainty over US President Donald Trump's trade policy. 

The record of October 31, 2024 was broken 

Gold of 99.9 percent purity had earlier hit its record high of Rs 82,400 on October 31, 2024. On the same day, gold of 99.5 percent purity reached an all-time high of Rs 82,000 per 10 grams. Silver also rose by Rs 1,000 to Rs 94,000 per kg on Wednesday. Jatin Trivedi, Vice President, Research Analyst (Commodity & Currency), LKP Securities, said that MCX gold recorded a comparatively marginal gain in the domestic market, which was limited by the strength of the rupee. The strength of this currency limited the upside in domestic gold prices.

Global market also boomed 

Globally, Comex gold futures rose by $10.20 an ounce to $2,769.40 an ounce. Besides, weak economic data has fueled gold's rally, as retail sales came in below expectations and unemployment claims also eased, Mehta said. Silver Comex futures also rose 0.27 per cent to $31.58 an ounce.