gold price
The country’s capital Delhi has seen a tremendous increase in the prices of gold. The rise in gold prices has been seen after 7 consecutive days of decline. During this time, the prices of gold had seen a decline of more than Rs 3000. According to experts, gold prices have increased due to the dollar index reaching 3 -year -old lower level. According to experts, in the coming days, the price of gold can be seen even more. It is reported that the intervention of the US President on the fed is increasing. It is possible that Trump soon replace the fed chairman. After that there was a cut in interest rates in America. Due to which gold prices and more support can be seen. Let us also tell you how much gold prices have been done in Delhi?
Gold and silver become expensive in Delhi
According to the All India Bullion Association, gold prices in the country’s capital Delhi rose by Rs 1,200 after seven days and it reached Rs 98,670 per 10 grams. On Monday, gold with 99.9 per cent purity closed at Rs 97,470 per 10 grams. On Tuesday, gold with 99.5 per cent purity rose by Rs 1,100 to Rs 98,150 per 10 grams (including all taxes). It was closed at Rs 97,050 per 10 grams in the last market bandh. Apart from this, silver prices rose by Rs 2,000 to Rs 1,04,800 per kg (including all taxes) on Tuesday. On Monday, the white metal closed at Rs 1,02,800 per kg. On the global front, the spot gold rose $ 44.01 or 1.33 percent to $ 3,346.92 an ounce. “Given the continuous weakness of the dollar by the participants, gold is attracting purchases for safe investment.
Why the price of gold rose?
Chintan Mehta, CEO of Absan Financial Services, said that the US dollar has made gold more attractive in the US dollar, inspired by President Donald Trump’s concerns over the increase in fiscal deficit and the concerns of focusing the focus on the market of President Donald Trump and focus on the expenditure bill. ” President Donald Trump has threatened to put new tariffs on Japan before the July 9 deadline for the implementation of mutual tariffs. The changes are helping to maintain non-soled assets like gold, especially expectations of inflation are still at high levels.
There may be more speed
Research analyst Jatin Trivedi, vice-president of Commodity and currency in LKP Securities, said that Bhavna remains encouraging this week, which is inspired by expectations about major US economic figures, especially non-agri-parole, unemployment figures and ADP non-comprehensive employment change. Experts also said that the comment of the Federal Reserve Chairman Jerome Powell will also provide further signals on the interest rate, which will affect further movement in precious metal prices.