Gold and silver declined for the second consecutive day today, check the fresh rate before purchasing
Gold and silver The prices of the prices were recorded for the second consecutive day. The price of gold in the national capital fell by Rs 500 to Rs 98,870 per 10 grams in the second consecutive trading session on Wednesday due to continuous selling at the stockist level. The All India Bullion Association gave this information. On Tuesday, gold with 99.9 percent purity fell by Rs 200 to close at Rs 99,370 per 10 grams. Meanwhile, gold with 99.5 percent purity fell by Rs 400 to Rs 98,400 per 10 grams (including all taxes). It closed at Rs 98,800 per 10 grams in the last trading session. On Wednesday, silver also fell by Rs 1,000 to Rs 1,11,000 per kg (including all taxes). Silver closed at Rs 1,12,000 per kg on Tuesday. On the contrary, gold in global markets increased by $ 16.41, or 0.49 percent, to $ 3,341.37 an ounce.
Trump’s threats boom in global market
Kayanat Chanwala, Assistant Vice President of Commodity Research of Kotak Securities, said that gold increased to $ 3,346 an ounce due to new fees threats from US President Donald Trump. Trump has indicated to impose additional fees on the semiconductor, indicating a possible fee on drugs by the end of the month. “Globally, the spot silver rose by about one percent to $ 38.05 an ounce. Economics and next generation research in Julius Bayer said Carcuton Menke said that there is a strong $ 39 -$ 39 -$ 39 -$ 39. Reached, which is a sign of the new interest of investors. Menke said that the recent boom and the ratio of gold and silver falls to about 85, silver no longer looks much cheaper than gold.
Gold boom in spot market
Jatin Trivedi, vice-president and research analyst (commodity and currency) of LKP Securities, said investors would be waiting for major American large-economic figures, including the productive price index (PPI) and unemployment claims. Gold prices rose by Rs 49 to Rs 97,260 per 10 grams on Wednesday in futures trading from fresh deals of bookies amidst strong spot demand. In August, the price of gold supplied in the Multi Commodity Exchange (MCX) rose by Rs 49, or 0.05 percent, to 97,260 per 10 grams. It traded for 10,695 lots. Analysts stated that gold prices have risen due to the latest deal of participants.
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