How much change in the price of gold and silver today? Know how much emotion is before shopping
In the national capital, the price of gold remained stable at Rs 98,600 per 10 grams on Thursday. According to the All India Bullion Association, precious metal with 99.5 percent purity also remained stable at Rs 98,050 per 10 grams (including all taxes). On Thursday, silver prices were also stable at Rs 1,03,100 per kg (including all taxes). According to PTI news, on the global front, the spot gold rose slightly to $ 3,334.41 an ounce.
According to the news, gold was seen in gold on Thursday in the global market, which was caused by bargainers and weak US dollars. The US dollar index fell below 97.0, the lowest level since March 2022. The decline began with the depressing US economic figures, concerns about the country and economic health and increasing speculation about the cut in potential interest rates.
Gold in futures trade today
On Thursday, the price of gold fell by Rs 144 to Rs 97,213 per 10 grams. In the Multi Commodity Exchange (MCX), the price of gold agreements with August delivery fell by Rs 144 or 0.15 percent to Rs 97,213 per 10 grams with a trading for 13,552 lots. Analysts explained weak spot demand due to the fall in gold prices. Gold futures in New York in Global Market rose 0. 20 percent to 3,349. It was $ 90 an ounce.
Silver price in futures trading today
According to PTI news, silver prices rose by Rs 261 to Rs 1,06,241 per kg in futures trading on Thursday. The price of silver contracts for July delivery on the Multi Commodity Exchange increased by Rs 261 or 0. 25 percent to Rs 1,06,241 per kg, with 8,311 lots of business. Analysts said that the fresh deal by the participants led to the rise in silver prices. Silver in New York at Global Level was trading at $ 56 percent to $ 65 an ounce in New York.
What do experts say
Senior Analyst (Commodities) of HDFC Securities, Soumil Gandhi said, in addition, rising fiscal concerns also put pressure on the US dollar, while precious metals were supported. Meanwhile, gold traders have digested the news about the multi phase ceasefire between Iran and Israel. Gandhi said that now meditation is on developments related to trade deals and upcoming US economic figures, which are expected to influence bullion and US dollar trends in the coming days. He said that market participants are closely monitoring American macroeconomic data including American GDP, durable goods order and early unemployment claims to get more information about the health of the US economy.
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