Gold Jewelery
On Wednesday, the price of gold in the national capital fell by Rs 650 to Rs 96,850 per 10 grams amidst the trend of weakness in global markets. According to the All India Bullion Association, gold with 99.9 percent purity in the last market session was Rs 97,500 per 10 grams. At the same time, gold with 99.5 percent purity fell by Rs 700 to Rs 96,400 per 10 grams (including all taxes) on Wednesday. On Tuesday, it was Rs 97,100 per 10 grams.
Chintan Mehta, Chief Executive Officer (CEO) of Abson Financial Services, said, “Gold prices continue to fall due to reduced trade tension, as major economies are making trade agreements with the US.” China has also joined the countries that do so, as the two countries have agreed to deduct the fee on each other’s goods by 90 days.
On the other hand, silver prices continued to decline for the third consecutive day and on Wednesday it fell by Rs 1,450 to Rs 98,000 per kg (including all taxes). Its previous closed price was Rs 99,450 per kg.
Mehta said that however, geopolitical tension in West Asia still persists, which is supporting assets with safe investment. Gold spot price in global markets fell by $ 20.65 to $ 3,229.64 an ounce. Edited by: Sudhir Sharma
