Digital Gold
The price of gold remained stable at Rs 98,600 per 10 grams on Thursday in the bullion market of the national capital. The All India Bullion Association gave this information. The price of gold with 99.5 percent purity was also stable at Rs 98,050 per 10 grams (including all taxes). On Thursday, silver prices were also stable at Rs 1,03,100 per kg (including all taxes). On the global front, the spot gold rose slightly to $ 3,334.41 an ounce.
Senior analyst (commodity) at HDFC Securities, Soumil Gandhi said, “Gold was seen on Thursday due to buying of bookies and weak US dollars. The US dollar index fell below 97. It is its lowest level after March 2022.
He said the decline was due to disappointing US economic figures, concerns about the country and economic health and increasing speculation about possible rates. In addition, rising fiscal concerns also put pressure on the US dollar, while precious metals were supported. ”
Also Read: Woman of Pune washed her eye with urine, doctor told how dangerous, why people raging on social media
Meanwhile, gold businessmen are no longer affected by the Iran-Israel ceasefire reports. Gandhi said that now meditation is on developments related to trade deals and upcoming US economic figures, which are expected to influence bullion and dollar trends in the coming days.
He said that market participants are closely monitoring the large economic figures including American GDP, durables order and early unemployment claims to get more information about the health of the US economy. Language edited by: Sudhir Sharma
