There has been no decrease in the speed of silver prices before August 15 and after Janmashtami. Where on August 14, there was an increase of Rs 1500 in silver prices. On the other hand, on the day of August 18, the price of silver has seen a rise of 1000 rupees. The special thing is that there was no change in the prices of gold on Monday. By the way, gold prices have seen a rise in foreign markets. Due to which the prices of gold and silver appeared fast in the futures market of the country. Let us also tell you how much the prices of gold and silver have been done in the country’s capital Delhi.
No change in the price of gold
According to the All India Bullion Association, gold prices in the national capital on Monday remained stable at Rs 1,00,920 per 10 grams. On Saturday, gold with 99.9 per cent purity fell by Rs 500 to close at Rs 1,00,920 per 10 grams, while on Thursday it closed at Rs 1,01,420 per 10 grams. The bullion market remained closed on Friday on the 79th Independence Day of the country. In the local market, gold with 99.5 per cent purity remained stable at Rs 1,00,500 per 10 grams (including all taxes) on Monday. In the weekend, the US-Russia meeting was in the US-Russia meeting due to no clear solution on Moscow and Kiev peace process, from stability to ups and downs, although the conversation was positive.
Silver prices rise up
Jatin Trivedi, vice -president (research analyst) of the Commodity and Curreys of LKP Securities, said that this keeps the prices stable, as any progress in the direction of peace can put pressure on sleeping, while prolonged delays in the solution are likely to support prices. However, according to the association, silver prices rose by Rs 1,000 to Rs 1,15,000 per kg (including all taxes) on Monday. It closed at Rs 1,14,000 per kg at the time of the last market closure. Globally, gold in New York rose martyrly to $ 3,349.29 an ounce. Silver spotted in international markets was trading at $ 38.14 an ounce with an increase of 0.35 percent.
Now on whom will gold and silver depend on
Augmont’s research head Renisha Chanani said that investors are waiting for the US Federal Reserve meeting to release the details of the meeting, which may further further the decision to maintain the interest rates at the current level. Chanani said that with the market pricing of the focus in labor markets, signs of inflation and interest rate cuts, the speech of Fed Chairman Jerome Powell in Jackson Hole Simposium 2025 could prove to be a significant turn for American Monetry Policy and Gold Sense.