Gold and silver were once again seen on a speed horse in the country’s capital Delhi. Where the price of gold went beyond one lakh rupees. At the same time, the price of silver got a rise of 3 thousand rupees. According to experts, due to the decline in the dollar index and tariff tension, the prices of gold and silver have seen a rise. By the way, investors are waiting for Fed and American macro data. After that, some action will be seen in the prices of gold. However, on Tuesday, there has been a decline in gold and silver prices in foreign markets. Let us also tell you how much gold and silver prices have gone in Delhi.
Gold on one month high
According to the All India Bullion Association, gold prices rose by Rs 1,000 to Rs 1 lakh per 10 grams in the national capital on Tuesday due to strong purchases by stockists. Gold with 99.9 per cent purity reached Rs 1,00,020 per 10 grams, while the previous closed price was Rs 99,020 per 10 grams. Earlier, on June 19, the price of gold was at the level of Rs 1 lakh per 10 grams. In the national capital, gold with 99.5 per cent purity increased by Rs 1,000 to Rs 99,550 per 10 grams (including all taxes) on Tuesday. It closed at Rs 98,550 per 10 grams at the previous closed price.
Silver prices also increase
Like gold, silver prices on Tuesday also increased by Rs 3,000 to Rs 1,14,000 per kg (including all taxes). On Monday, this white metal closed at Rs 1,11,000 per kg. Meanwhile, gold in global markets fell 0.28 percent to $ 3,387.42 an ounce. In international markets, the spot silver also fell 0.11 percent to $ 38.89 an ounce. Jatin Trivedi, Vice President Research Analyst (Commodity and Currency) of LKP Securities, said that gold on the comex was trading in a limited and unstable realm between $ 3,395 to $ 3,383, which reflects the lack of new signals from trading deals or major global developments.
What are you saying
Chintan Mehta, Chief Executive Officer of Absan Financial Services, said that investors would closely monitor the speech of American Federal Reserve President Jerome Powell and Governor Mitchell Boman to guide the central bank’s monetary policy. According to Riya Singh, a research analyst (Commodity and Currency) of MK Global Financial Services, traders will keep an eye on the release of the major American macroeconomic data including China’s loan Prime rate decision and the order of PMI and durable items, which can change the expectations of interest rate and set the next directional attachment to sleep globally.