Gold Rate Today: Gold became expensive for the second consecutive day, today the price increased, know silver
Gold price today: On Friday, gold prices have registered a boom for the second consecutive day. Today, in the bullion market of the capital Delhi, the price of gold with 99.9 percent purity increased by Rs 700 to Rs 99,370 per 10 grams. Gold prices have risen due to increasing demand for gold as a safe investment amid concerns among investors due to increased global trade tension. Let us tell you that on Thursday, gold with 99.9 percent purity increased by Rs 250 to close at Rs 98,670 per 10 grams.
Today, there was an increase in silver price also
Apart from this, gold with 99.5 percent purity also increased by Rs 600 to Rs 98,800 per 10 grams. On Thursday, it closed at Rs 98,200 per 10 grams with a gain of Rs 200 to Rs 98,200. Along with gold, the price of silver has also increased today. On Friday, the price of silver rose by Rs 1500 to Rs 1,05,500 per kg. On Thursday, silver remained stable at Rs 1,04,000 per kg without any change.
Why the price of gold rose on Friday
Soumil Gandhi, Senior Analyst (Commodity) at HDFC Securities, said, “Growing trade concerns have usually spoiled a balanced stance of a stable US dollar, leading to gold prices on Friday. US President Donald Trump recently reduced global risk perception due to tariffs related to tariffs. This increased the possibility of global trade war. ”
Trump’s tariff due to safe investment trend
President Donald Trump has announced a 35 percent tariff on imported goods from Canada from August 1 and indicated a plan to impose a plan to impose 15 to 20 percent tariffs on other business partners. Gandhi said that tariffs uncertainty has re -revealed this week and is a major factor promoting investment towards precious investments with safe investment. Regarding the market approach, he said that further activities related to tariffs will affect the direction of the prices of precious metals in the near future.
How was the condition of gold and silver in the international market
In international markets, spot gold rose $ 24.63 or 0.74 percent to $ 3348.67 an ounce. Silver spot in foreign markets also increased by 1.64 percent to $ 37.61 an ounce. According to commodity market experts, investors will wait for the June US Consumer Price Index (CPI) data to be released on Tuesday, which would be an important indicator for the direction of bullion prices.
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