Gold rate today: Gold prices rose by Rs 260 to Rs 99,260 per 10 grams in the national capital on Wednesday, tracking strong trends in the global market, according to the All India Sarafa Association.The price of gold with 99.5% purity also increased by Rs 100 to Rs 98,700 per 10 grams, inclusive of all taxes.“Gold showed a slight positive trend on Wednesday due to persistent uncertainties related to trade, along with economic concerns and geopolitical risks, continue to support the safe-haven appeal of the precious metal,” said Saumil Gandhi, Senior Analyst – Commodities, at HDFC Securities, as quoted PTI.Silver prices also witnessed a sharp uptick, rallying Rs 1,900 to Rs 1,02,100 per kg (inclusive of taxes), up from Rs 1,00,200 per kg in the previous session.In global markets, spot gold climbed USD 9.43, or 0.28%, to USD 3,362.6 per ounce, amid safe-haven demand and persistent macroeconomic uncertainties.According to April data, central banks added a net 12 tonnes of gold to their global reserves. However, this marked a 12% decline compared to the previous month, reflecting a slower pace of accumulation.Despite the slowdown, Gandhi noted that central banks are likely to continue increasing their gold reserves, reinforcing gold’s long-term demand outlook.
