Gold price today: Gold prices continue to fluctuate. In this episode, the price of 99.9 percent purity in the bullion market in the capital Delhi on Thursday reached Rs 1,00,560 per 10 grams with a slight fall of Rs 150 to Rs 1,00,560 per 10 grams. Let us tell you that on Wednesday, gold with 99.9 percent purity increased by Rs 540 to Rs 1,00,710 per 10 grams. Today, gold of 99.5 percent purity also fell at Rs 150 to Rs 99,800 per 10 grams. On Wednesday, gold with 99.5 percent purity was closed at Rs 99,950 per 10 grams.
Silver price declined by 1000 rupees
Apart from gold, the price of silver today also fell by Rs 1000 to Rs 1,07,200 per kg from the record level. On Wednesday, the price of silver reached a lifetime high of Rs 1,08,200 per kg with a jump of Rs 1000. At the global level, the spot gold fell slightly to $ 3365.90 an ounce. Commodity Research Analyst Kayanat Chanwala in Kotak Securities said, “Gold prices went below $ 3390 an ounce due to the federal reserve’s decision to keep the interest rates unchanged at 4.25-4.50 percent at 4.25-4.50 percent.” Gold prices went below $ 3390 an ounce. “Silver fell by one percent to $ 36.37 per fry.
Continued tension between Iran and Israel will give security to gold
On Wednesday, the Federal Reserve kept interest rates unchanged as forecast and revised its economic estimates for the US monetary policy approach. According to Jatin Trivedi, the Vice President (Commodity and Currency) of LKP Securities, gold fluctuations on the US Federal Reserve’s policy stance caused gold fluctuations, indicating not cutting interest rates immediately. Trivedi said that despite the aggressive stance of the Federal Reserve, the ongoing geopolitical tension between Iran and Israel provides protection to gold.
Latest business news
