Gold Silver Price: Silver jumped 3 thousand rupees kg and alltime high, gold also became expensive by 600 rupees

Gold Silver Pries: With the support of weak rupee and strong global trends, the price of gold increased by Rs 600 to Rs 1,00,770 per 10 grams in the bullion market of the national capital on Tuesday. The All India Bullion Association gave this information. The price of gold with 99.9 percent purity was closed at Rs 1,00,170 per 10 grams on Monday. Silver prices rose by Rs 3,000 to Rs 1,18,000 per kg (including all taxes) to all -time high levels.Also Read: Gold: Gold or Stock Market, Who gave the most returns in last years

Gold with 99.5 percent purity increased by Rs 500 to Rs 1,00,400 per 10 grams (including all taxes), which closed at Rs 99,900 per 10 grams last time. Silver prices rose by Rs 3,000 to Rs 1,18,000 per kg (including all taxes) to all -time high levels. According to the bullion association, the price of silver closed at Rs 1,15,000 per kg on Monday.ALSO READ: Gold rose to Rs 1,00,620 per 10 grams, silver rose by 1,500 rupees.

Federal Reserve Governor Lisa Cook removed: Senior Analyst (Commodities), HDFC Securities, Saumil Gandhi said that gold prices rose on Tuesday after US President Donald Trump’s decision to remove Federal Reserve Governor Lisa Cook. Due to this decision, concerns about the independence of the central bank had increased.

Gandhi further said that this move of President Trump has put an additional pressure on the leadership of the Federal Reserve to reduce the interest rates soon. Globally, gold is trading at $ 3,378.37 an ounce in New York globally, although the spot silver fell 0.21 percent to $ 38.48 an ounce. (Language)

Edited by: Ravindra Gupta