Today again, there is a tremendous boom in gold, the price of 97 thousand has come out, know the latest rate of Gold-Silver
Gold Rate Today: People hoping for a big fall in the price of gold have again suffered a setback. After a slight decline in gold, the rise has returned again. The price of gold has once again gone beyond 97 thousand rupees per 10 grams. Let us tell you that the price of gold rose by Rs 550 to Rs 97,350 per 10 grams in the bullion market of the national capital on Monday due to the rise in prices of precious metals in the global market. The All India Bullion Association gave this information. The price of gold with 99.9 percent purity was closed at Rs 96,800 per 10 grams on Friday. Gold with 99.5 percent purity also increased by Rs 550 to Rs 96,900 per 10 grams on Monday. In the last session, the price of gold closed at Rs 96,350 per 10 grams.
Silver price declines
On the one hand, the price of gold increased today. At the same time, the price of silver decreased on the other side. Silver fell by Rs 400 to Rs 96,700 per kg in Delhi’s bullion market today. Silver was Rs 97,100 per kg in the last trading session. Gold spot in international markets increased by $ 46.34 to $ 3,286.83 an ounce. In Kotak Securities, AVP-Joint Research Kayanat Chanwala said that gold became $ 3,280 an ounce due to softening of the dollar before the US Federal Reserve’s two-day Federal Open Market Committee (FOMC) meeting starting on Tuesday. He said that the market participants are cautious on the press conference after the decision of Jerome Pavel, chairman of the Federal Reserve. In addition, the risk of uncertainty about American-China trade developments is likely to be cautious.
Futures market also boom
Gold rose by Rs 623 to Rs 93,260 per 10 grams in futures trading on Monday due to fresh deals buying by traders due to strong spot demand. In the Multi Commodity Exchange, the price of a June delivery gold contract increased by Rs 623 or 0.67 percent to Rs 93,260 per 10 grams with a turnover for 14,933 lots. Analysts said that gold prices rose due to fresh deal by traders. Silver’s spot price rose 1.24 percent to $ 32.41 an ounce.
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