The price of gold remained stable at Rs 1,00,920 per 10 grams on Monday at the bullion market of the national capital. The All India Bullion Association gave this information. On Saturday, the price of gold of 99.9 percent purity was closed at Rs 1,00,920 per 10 grams against a closed price of Rs 1,01,420 per 10 grams on Thursday. Bullion markets remained closed on Friday on the occasion of Independence Day.
In the local market, the price of gold with 99.5 percent purity remained stable on Monday at Rs 1,00,500 per 10 grams (including all taxes). Jatin Trivedi, vice -president (commodity and currency) of the Department of Research Analysis of LKP Securities, said, “There was stability in gold,
There was no clear solution in the Ukraine case in the US-Russia meeting last Friday. However, the conversation stance was positive. He said that this keeps the prices stable, as any progress towards peace can put pressure on gold, while prolonged delays in the solution are likely to support prices. However, according to the bullion association, silver prices rose by Rs 1,000 to Rs 1,15,000 per kg (including all taxes) on Monday. It stood at Rs 1,14,000 per kg in the previous business. Globally, gold in New York increased marginally to $ 3,349.29 an ounce.
Silver spotted in international markets rose 0.35 percent to $ 38.14 an ounce. Augmont’s research head Renisha Chanani said that investors are waiting for the US Federal Reserve meeting to release details. This may lead to further indications for their decision to maintain interest rates at the current level. Language edited by: Sudhir Sharma
