Gold and silver prices have turned up today, know the price of 10 grams per gram per 10 grams
The price of gold and silver finally softened on Tuesday. The price of both was recorded. According to the All India Bullion Association, the price of gold in the national capital fell by Rs 110 to Rs 97,670 per 10 grams. According to PTI news, the precious metal of 99.5 percent purity fell by Rs 100 to Rs 97,250 per 10 grams (including all taxes). Similarly, the price of silver fell by Rs 1,07,100 per kg (including all taxes) on Tuesday, breaking the seven -day rise in a rapid number of days. Let me tell you, silver rose by Rs 1,000 to Rs 1,08,100 per kg on Monday in local markets. In global markets, silver spot 0. 36. 64 per cent came to $ 64 an ounce.
Why did gold prices fall?
According to the news, there was a weakness in the price of gold due to the frequent selling of jewelery vendors and stockists. In the international market, the spot gold rose slightly to $ 3,329.12 an ounce. Senior research analyst of Reliance Securities, Shriram Iyer said that gold prices declined in Tuesday morning trading due to the hope of reducing the US-China trade tension, which reduced the demand for safe investment. Officials from China and the US extended the new round of trade talks in London for the second day on Tuesday, increasing the hopes of agreement between the world’s two largest economies.
Prices expected to increase fluctuations
Traders are expected to increase gold prices this week, which is inspired by significant large economic events, including US inflation figures and customers century data. Deveya Gaglani, senior research analyst at commodities in Axis Securities, said that any unexpected deviation in these figures can affect the federal reserve stance on the cuts cut in interest rates, which can affect the prices of bullion in the near future.
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