Silver became expensive by Rs 5,000 today, gold also jumped, know the latest rate before buying
American tariff Silver prices reached a new peak of Rs 1,15,000 per kg in the bullion market of the national capital on Monday after investors turned to safe investment options after dollar weakness amid uncertainty over threats. The All India Bullion Association gave this information. On Saturday, silver rose by Rs 4,500 to an all -time high of Rs 1,10,000 per kg (including all taxes). Senior analyst (commodity) of HDFC Securities, Soumil Gandhi said that silver prices have risen to new record level in the domestic market. At the same time, silver is at the highest level of about 14 years in the international market. This fast is due to a change in investors’ interest in gold options.
Gold also became expensive
Today, gold of 99.9 percent and 99.5 percent purity rose by Rs 200-200 to Rs 99,570 and Rs 99,000 per 10 grams (including all taxes) respectively. Jatin Trivedi, vice president of LKP Securities, research analyst (commodity and currency), said that there was a positive attitude in gold prices due to the increase in stress due to global fee. Gold has become a preferred safe investment destination due to the US imposing additional fees on business partners including the European Union, Canada and Mexico and widespread weakness in the dollar index.
Because of this, the speed returned again
Pranav Mer, the vice-president at JM Financial Services Limited, Pranav Mer, said that gold has increased again due to increasing fee uncertainty, the possibility of Russia-Ukraine war growing and increasing demand for diversification of ETF investors and central banks and prices are ready to move towards their all-time high levels. Mer said that during the week, market participants would closely monitor inflation figures from major economies, including the US, Britain/Euro sector, closely monitor the consumer assumptions from the US, which will give further direction to bullion prices.
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