Gold broke due to softness in global demand, silver remained stable, know what is the feeling …
Delhi bullion market news: The price of gold fell by Rs 550 to Rs 98,570 per 10 grams in the bullion market of the national capital on Monday after a soft global trend and consistently threats by US President Donald Trump. The price of gold with 99.9 percent purity was increased by Rs 100 from its previous closed price to Rs 99,120 per 10 grams on Saturday. On Monday, silver prices were stable at Rs 1,04,800 per kg (including all taxes) in the second consecutive season.
According to the All India Bullion Association, the price of gold of 99.9 percent purity increased by Rs 100 from its previous closed price to Rs 99,120 per 10 grams on Saturday. Gold with 99.5 percent purity fell by Rs 500 to Rs 98,100 per 10 grams (including all taxes). It closed at Rs 98,600 per 10 grams in the last trading session.
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On Monday, silver prices were stable at Rs 1,04,800 per kg (including all taxes) in the second consecutive season. Bullion traders said that the fall in gold prices was dull global trends and profits by investors at high levels.
In addition, the seasonal demand in the spot market remained sluggish, which led to a fall in prices. Senior analyst of HDFC Securities-Soumil Gandhi said that the dollar started trading with weakness in gold due to improving the dollar and less than expected US employment market data.
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In addition, US Finance Minister Scott Besant said in the weekend that the US is close to finalizing trade deals with many countries. However, the fees will be applicable from August 1. After this, due to reduced fee concerns, bullion demand as a safe investment option was reduced. Gold spotted in international markets fell by $ 38.95 or 1.17 percent to $ 3,297.69 an ounce.
According to the Vice President, Research Analyst (Jens and Currency) Jatin Trivedi in LKP Securities, the details of the Central Federal Reserve Federal Reserve’s Federal Reserve’s Federal Open Market Committee on Wednesday can give details of the central bank’s monetary policy and the interference for bullion prices in the near future. (Language)
Edited by: Chetan Gour
