Gold prices rose by Rs 1,000 to Rs 1 lakh per 10 grams in the bullion market of the national capital on Tuesday due to strong buying by the stockist. The All India Bullion Association gave this information. The price of gold with 99.9 percent purity reached the four -week highest level to Rs 1,00,020 per 10 grams while the previous closed price was Rs 99,020 per 10 grams. Earlier, on June 19, gold reached the level of one lakh rupees per 10 grams.
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In the national capital, gold with 99.5 percent purity increased by Rs 1,000 to Rs 99,550 per 10 grams (including all taxes) on Tuesday. In the last business, it closed at Rs 98,550 per 10 grams. Like gold, silver prices on Tuesday also rose by Rs 3,000 to Rs 1,14,000 per kg (including all taxes). Silver closed at Rs 1,11,000 per kg on Monday. Meanwhile, gold in global markets declined by 0.28 percent to $ 3,387.42 an ounce.
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Jatin Trivedi, vice -president of LKP Securities, research analyst (commodity and currency) said that the gold trade in the comex took place between $ 3,395 to $ 3,383 within a limited and unstable radius, which reflects the lack of new indicators from business deals or major global developments. In international markets, the spot silver also declined by 0.11 percent to $ 38.89 an ounce.
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Chintan Mehta, Chief Executive Officer of Abans Financial Services, said, “Investors will closely monitor the speech of US Federal Reserve chief Jerome Pavel and Governor Mitchell Boman to guide the central bank’s monetary policy.”
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According to MK Global Financial Services Research Analysts and Mudra Riya Singh, traders will keep an eye on China’s major rates and the US’s large economic figures. Language edited by: Sudhir Sharma
