Gold-Silver Price News: The price of gold increased by Rs 250 to Rs 98,670 per 10 grams in the bullion market of the national capital on Thursday due to the latest buying of investors and stockists. The price of gold with 99.9 percent purity was closed at Rs 98,420 per 10 grams on Wednesday. Gold with 99.5 percent purity increased by Rs 200 to Rs 98,200 per 10 grams (including all taxes). It closed at Rs 98,000 per 10 grams in the last trading session.
The All India Bullion Association gave this information. The price of gold with 99.9 percent purity was closed at Rs 98,420 per 10 grams on Wednesday. Gold with 99.5 percent purity increased by Rs 200 to Rs 98,200 per 10 grams (including all taxes). It closed at Rs 98,000 per 10 grams in the last trading session. Meanwhile, silver prices remained stable at Rs 1,04,000 per kg (including all taxes) on Thursday.
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Soumil Gandhi, Senior Analyst (Commoner), HDFC Securities, said, gold was recorded on Thursday due to the new demand of safe investment properties. He said, “US President Donald Trump’s business policies and his possible impact on the global economy supported gold prices.
In the international market, the spot gold increased slightly to $ 3,324.40 an ounce. On Wednesday, President Trump announced that the US would impose a 50 percent fee on Brazil’s products from August 1. According to Chintan Mehta, Chief Executive Officer (CEO) of Abson Financial Services, the latest meeting of the US Federal Reserve (Federal Open Market Committee) of the US Federal Reserve shows that the officials are alert and divided about the economic landscape, and want to wait for more figures before cutting interest rates.
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At the same time, more stores of crude oil have kept energy prices under control, which has reduced inflation concern. (Language)
Edited by: Chetan Gour
