Gold prices increased by Rs 365 to Rs  91,050 per 10 grams in the national capital on Thursday amid a strong trend in the overseas markets, according to the All India Sarafa Association.

The precious metal of 99.9 per cent purity had closed at Rs 90,685 per 10 grams on Wednesday.  Gold of 99.5 per cent purity also rose by Rs 365 to Rs 90,600 per 10 grams against the previous close of Rs 90,235 per 10 grams.

“Gold maintains its gains as the global risk sentiment has been increased, following the new auto tariffs announced by the US President Donald Trump on Wednesday,” Saumil Gandhi, senior analyst of Commodities at HDFC Securities, said. Silver prices also went up by Rs 200 to Rs 1,01,700 per kg. It had ended at Rs 1,01,500 per kg on Wednesday.

Meanwhile, gold futures for April delivery surged by Rs 828 or 0.94 per cent to trade near a record high of Rs 88,466 per 10 grams on the Multi Commodity Exchange (MCX).

On March 20, the yellow metal prices rose to hit a lifetime high of Rs 89,796 per 10 grams. Spot gold in the international markets climbed by $34.77 or 1.15 per cent to trade near a record high of $3,054.05 per ounce.

“Gold prices surged near $3,050 per ounce as expectations of lower US GDP data and the anticipated reciprocal tariffs from the US on April 2, fuelled uncertainty,” Jateen Trivedi, VP research analyst of Commodity and Currency at LKP Securities, said.

Meanwhile, gold futures for April delivery surged by Rs 828 or 0.94 per cent to trade near a record high of Rs 88,466 per 10 grams on the Multi Commodity Exchange (MCX).

On March 20, the yellow metal prices rose to hit a lifetime high of Rs 89,796 per 10 grams.

Spot gold in the international markets climbed by $ 34.77 or 1.15 per cent to trade near a record high of $ 3,054.05 per ounce.