Gold prices rose by Rs 350 to Rs 72,850 per 10 grams in the national capital on Friday, continuing a four-day increase due to higher local demand and strong global trends. Silver prices, however, fell by Rs 200 to Rs 86,000 per kilogram. Gold of 99.5% purity also saw an increase, reaching Rs 72,500 per 10 grams. The rise in gold prices is attributed to weak US economic data, tensions in the Middle East, and hopes for US Federal Reserve rate cuts. This trend suggests a strong safe-haven demand for gold among investors.
