Gold-Silver Price: Gold became cheaper, what safe investment, silver prices also fall in circumstances like war
Gold Pries: Gold prices fell by Rs 150 to Rs 1,00,560 per 10 grams in the bullion market of the national capital on Thursday amid the fall in prices of precious metals in international markets. The All India Bullion Association has given this information. In the last trading session, gold with 99.9 percent purity closed at Rs 1,00,710 per 10 grams.
On Thursday, gold with 99.5 percent purity fell by Rs 150 to Rs 99,800 per 10 grams (including all taxes). On Wednesday, the price of gold closed at Rs 99,950 per 10 grams.
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In addition, the price of silver also fell by Rs 1,000 to Rs 1,07,200 per kg (including all taxes). On Wednesday, the price of silver reached an all -time high of Rs 1,08,200 per kg. Globally, the spot gold fell slightly to $ 3,365.90 an ounce.
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AVP-Joint Research Kayanat Chanwala in Kotak Securities said, “Gold prices went down to $ 3,390 an ounce due to the federal reserve decision to keep the interest rates unchanged at 4.25-4.50 percent at 4.25-4.50 percent.
On Wednesday, the Federal Reserve kept interest rates unchanged as forecast and revised its economic estimates for the US monetary policy approach. American markets and banks will remain closed on Thursday to commemorate ‘Junintith’.
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According to LKP Securities vice-president Research Analyst Jens and Mudra Jatin Trivedi, gold fluctuations on the policy of the US Federal Reserve caused a fluctuations in gold, indicating not cutting immediate interest rates. Trivedi said that despite the aggressive stance of the Federal Reserve, the ongoing geopolitical tension between Iran and Israel provides protection to gold. The spot silver fell by one percent to $ 36.37 an ounce. Language edited by: Sudhir Sharma
