Investment in Gold
Gold Rates 19 May 2025: Gold price rose by Rs 580 to Rs 97,030 per 10 grams on Monday in the bullion market of the national capital amidst a strong trend in international markets. The All India Bullion Association gave this information. On Friday, the price of gold with 99.9 percent purity closed at Rs 96,450 per 10 grams. With this, gold with 99.5 percent purity increased by Rs 580 to Rs 96,580 per 10 grams (including all taxes) on Monday. It was closed at Rs 96,000 per 10 grams in the earlier trading session.
Chintan Mehta, Chief Executive Officer of Abson Financial Services, said, “At the same time, the US Bond Reward is reaching close to 4.5 percent, which is further increasing the rise on Friday, while the rating agency Moody’s has reduced the US credit rating from ‘AAA’ to AA1.”
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Mehta said that the move has increased interest in gold again, as investors are reducing investment in American ‘Treasury Bills’ and looking for safe investment. Apart from this, silver rose by Rs 500 to Rs 98,500 per kg (including all taxes). Silver closed at Rs 98,000 per kg on Friday.
Meanwhile, gold in international markets rose by $ 39.05, or 1.22 percent to $ 3,241.82 an ounce. JM Financial Services Vice President, EBG – Jens and Mudra Research Pranav Mer said, “The main focus during the week will be on American large economic data such as manufacturing, service PMI and housing data.” These figures will provide more clarity about the future monetary emission cycle of the US Federal Reserve. Input language edited by: Sudhir Sharma
