Gold-Silver Price: Gold again jumped high, silver remained stable, know what is the feeling …
Delhi bullion market news: The price of gold increased by Rs 820 to Rs 98,490 per 10 grams in the bullion market of the national capital on Wednesday due to the latest buying of retailers and stockists to suit the strong global attitude. In the international market, the spot gold rose $ 12.09 an ounce or 0.36 percent to $ 3,334.69 an ounce. However, on Wednesday, the price of silver remained stable at Rs 1,07,100 at Rs 1,07,100 (including all taxes).
The All India Bullion Association gave this information. Gold with 99.5 percent purity increased by Rs 750 to Rs 98,000 per 10 grams (including all taxes). However, on Wednesday, the price of silver remained stable at Rs 1,07,100 at Rs 1,07,100 (including all taxes).
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Meanwhile, gold in the international market increased by $ 12.09 an ounce or 0.36 percent to $ 3,334.69 an ounce. Jens Soumil Gandhi, senior analyst of HDFC Securities, Saumil Gandhi, said, gold increased due to increasing demand for safe investment due to the concern of traders about the uncertainty.
He said, “This new uncertainty comes after the federal appeal court verdict, which has allowed US President Donald Trump to continue the global fee. Gandhi also said that these concerns have faded some optimism arising out of positive trade talks between the US and China.
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During his two -day discussion in London, the two sides agreed to a plan to reduce trade tension. According to commodity market experts, the demand for gold in the form of safe investment in the geopolitical tension and increasing conflict in West Asia is increasing. However, silver spot in global markets fell 0.5 percent to $ 36.34 an ounce.
Kayanat Chanwala, AVP-Join Research of Kotak Securities, said that the focus of the market participants will go on the upcoming American Consumer Price Index data, which indicates more about the monetary policy approach, which will be released in the latter of the day. (Language)
Edited by: Chetan Gour
