Digital Gold
On Thursday, silver jumped Rs 2,000 to the highest level of Rs 1,04,100 per kg in the bullion market of the national capital. Gold prices also rose by Rs 430 to suit strong global signals. The All India Bullion Association gave this information. Gold and silver strengthened in the fourth consecutive season. Silver jumped Rs 2,000 in local markets to a new peak of Rs 1,04,100 per kg (including all taxes).
Senior Analyst (Commoner), HDFC Securities, said Sumil Gandhi said that silver in the domestic market reached the new all -time high. This speed received support from high industrial demand, inflation risk prevention and limited global supply etc. Earlier, on March 19, silver reached its previous all -time high level of Rs 1,03,500 per kg.
According to the bullion association, gold with 99.9 percent purity increased by Rs 430 to Rs 99,690 per 10 grams (including all taxes). Gold with 99.5 percent purity increased by Rs 400 to Rs 99,100 per 10 grams (including all taxes) on Thursday.
Jatin Trivedi, vice -president of LKP Securities (research analyst … commodity and currency) said, “Gold prices rose due to an increase in demand for safe investment between weak trend and fee in the dollar and safe investment amid American debt concerns.” Globally, gold went above $ 3,395 an ounce, while gold at MCX was above Rs 98,450.
Trivedi said that due to the global tension and uncertainty on global trade, the widespread perception in the bullion region remains positive. Meanwhile, gold in international markets increased by $ 21.58 an ounce or 0.64 percent to $ 3,393.93 an ounce. In addition, silver in foreign markets rose nearly four percent to $ 35.80 an ounce. Language edited by: Sudhir Sharma
