This change in the price of gold and silver today, know the latest rate of 10 grams of gold
In the national capital, the price of gold declined by Rs 160 to Rs 99,800 per 10 grams on Monday. 99. Gold with 5 percent purity fell by Rs 150 to Rs 99,100 per 10 grams (including all taxes). Let me tell you, the precious metal of 99.9 percent purity was closed at Rs 99,960 per 10 grams on Friday. According to PTI news, the All India Bullion Association says that the prices have been softened due to frequent selling of jewelery vendors and stockists. However, silver remained stable on Monday at Rs 1,05,200 per kg (including all taxes).
What was the rate in global market
According to the news, on the global front, the spot gold decreased marginally to 3,365. Laded at $ 40 an ounce. Kayanat Chanwala, AVP of Commodity Research of Kotak Securities, said that the price of gold increased to $ 3,413.80 an ounce on Monday, but after that it has declined, as investors are waiting for Iran’s reaction after American participation in air attacks on Tehran.
Expert expert
Chanwala said that investors would wait for major economic events, including Fed Chair Zerome Powell’s Congress testimony, US GDP data and core PCE inflation data, which can give new indications to the direction of monetary policy amidst a mixed message from the Federal Reserve. Experts in the commodity market said that the release of flash PMI data from major economies including the US and Britain is expected to receive new indications on the status of global economic health.
Gold climbed 4 percent so far in June
Research analyst of MK Global Financial Services – Commodities and Currency Riya Singh says that gold domestic prices have increased by 4 percent so far in June, although weakened jewelery demand is trading at increasing discount compared to global rates. Despite the slowdown in festive shopping, the investment demand for bar and coins, especially 10 grams of coins, remains strong. This is due to the fears of inflation, loan-related mudification and low construction costs. Domestic gold mandarization has been further promoted by the RBI being relaxed by the RBI.
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