US President Donald Trump’s tariffs are running continuously. Especially American tariffs against India are steadily increasing. American tariff has increased by 50 percent in a single week. Earlier 25 percent tariff was imposed. After that, on August 6, 25 percent was imposed. Since then, there has been an increase in restlessness among investors. The attitude of investors has turned towards gold. The special thing is that since the first tariff of Trump, till now, in the month of August, the price of gold has been seen by Rs 2,800, a increase of 2.80 percent. On August 6, gold prices were at record level. According to experts, there can be further increase in gold prices in the coming days. Let us also tell you how much gold prices have gone in the futures market of the country.
Gold prices increase
The prices of the country’s futures market Multi Commodity Exchange Gold are seeing a boom. According to the data, gold prices are trading at Rs 1,01,524 per ten grams after seeing a rise of Rs 262 per ten grams at 12 noon. Whereas during the business session, the price of gold reached the day high with Rs 1,01,539 per ten grams. By the way, gold was rapidly opened at Rs 1,01,361 per ten grams. A day earlier, gold closed at Rs 1,01,262 per ten grams on MCX. The special thing is that on Wednesday, the price of gold reached the record level with Rs 1,01,579 per ten grams.
2,800 rupees expensive in 7 days
The special thing is that the price of gold on the multi commodity exchange has seen a lot of increase in 7 days. In the month of August, the price of gold has increased by about Rs 2,800 per gram. According to the data, on July 31, the price of gold was seen to be Rs 98,769 per 10 grams, which has increased to Rs 1,0,1539 per ten grams in the present time. This means that the price of gold has been increased by Rs 2,770 per ten grams. That is, Gold has given a return of 2.80 percent to investors in August.
Silver prices rise
On the other hand, silver prices are also seen on the multi commodity exchange. At 12.10 in the afternoon, the price of silver rose by Rs 826 per ten grams to Rs 1,14,481 per kg. Whereas during the business session, silver reached the day high with Rs 1,14,525 per kg. By the way, silver was opened on Thursday with Rs 1,13,998 per kg. Whereas a day earlier silver closed at Rs 1,13,655 per kg. By the way, silver prices have increased by Rs 4,553 per kg in the month of August. On July 31, silver price was Rs 1,09,972 per kg. Which increased to Rs 1,14,525. This means that silver has given investors to see the increase of 4.14 percent in the month of August.