Gold price today: Between the Israeli-Iran struggle, investors have increased inclination into assets with safe investment. Due to which the price of silver rose by Rs 1000 to Rs 1,08,200 per kg in Delhi’s bullion market on Wednesday. In addition to silver, gold with 99.9 percent purity rose by Rs 540 to Rs 1,00,710 per 10 grams on Tuesday to close at Rs 1,00,170 per 10 grams with a big fall of Rs 1200 to Rs 1,00,170 per 10 grams. According to the bullion association, silver closed at Rs 1,07,200 per kg on Tuesday with a slight gain of Rs 100. Let us tell you that the silver price closed at Rs 1,08,100 per kg on Friday last week.
Silver crosses $ 37 an ounce for the first time since 2012
The Vice President (Commodity) of Mehta Equality Rahul Kalnist said, “Silver prices continued to rise and for the first time since February 2012 it crossed the level of $ 37 an ounce in the international market. Weakness in the rupee is supporting bullion prices in domestic markets. ”Globally, the spot gold fell 0.23 percent to $ 3380.97 an ounce.
Israel-Iran war increased demand for assets with safe investment
According to Kotak Securities, gold prices remain below $ 3400 an ounce due to the strengthening of the dollar due to the focus of traders on increasing stress in West Asia. The brokerage firm said that discussions of US President Donald Trump’s call to Iran’s untreated surrender and possible attacks against Irani leader Ayatollah Ali Khamenei have increased the possibility of America’s direct participation in the struggle, “the demand for secured investment assets between investors has increased.
Silver spot also increased
Silver spotted in international markets rose 0.15 percent to $ 37.18 an ounce. Manish Sharma, AVP (Commodity and Currency) of Anand Rathi Share and Stock Brokers, said, “Market participants are taking a vigilance in the near future, as they are waiting for more signs from the meeting of the US FOMC (Federal Open Market Committee) to be held tonight.”
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