The price of gold in the bullion market of the national capital on Tuesday lost Rs 200 to Rs 99,370 per 10 grams due to the fresh selling of the stockist. The All India Bullion Association gave this information. The price of gold with 99.9 percent purity was closed at Rs 99,570 per 10 grams on Monday. Gold of 99.5 percent purity also fell by Rs 200 to Rs 98,800 per 10 grams (including all taxes), while earlier it was priced at Rs 99,000 per 10 grams.
Silver prices fell by Rs 3,000 to Rs 1,12,000 per kg (including all taxes) on Tuesday. On Monday, silver rose by Rs 5,000 to a record level of Rs 1,15,000 per kg. Mehta Equality Vice President-President Rahul Kalnist said, “Gold and silver saw heavy ups and downs during the day, initially saw fast, but later they came down from their highest level due to the bounce in the US Dollar Index.”
The artist further stated that investors opted for profit booking before the important US inflation figures to be released later during the day to detect the direction of bullion prices. Meanwhile, gold in international markets increased by $ 20.62 or 0.62 percent to $ 3,364.14 an ounce.
Chintan Mehta, Chief Executive Officer (CEO) of Abson Financial Services, said, “Gold remains in a limited range despite increasing geopolitical and business tension.” There has been a slight rise in demand for safe investment after President Donald Trump’s announcement of imposing 30 percent duty on imports from Mexico and the European Union. However, the expectations of the conversation have limited the fast lead. “Edited by: Sudhir Sharma
