Gold prices rose on Wednesday
Gold Price: Gold price declined by Rs 500 to Rs 98,500 per 10 grams in Delhi’s bullion market on Thursday amid weak global signals. The All India Bullion Association gave this information. Along with this, the price of gold with 99.5 percent purity today also declined by Rs 500 to Rs 98,000 per 10 grams. On Wednesday, gold prices rose by Rs 500 to Rs 99,000 per 10 grams in Delhi’s bullion market. Whereas, on Tuesday, gold fell by Rs 800 to close at Rs 98,500 per 10 grams.
The economic impact of policy steps is being assessed
Chintan Mehta, CEO of Abson Financial Services, said, “Gold prices continue to improve due to reduced demand for tariff risk and reducing demand for more cautious Federal Reserve. Adopting the approach, as they are assessing the economic impact of recent policy steps. It also includes a ban on counter -duty by the US Court of International Trade.
What happened in silver price on Thursday
However, silver prices in local markets remained stable at the price of Rs 1,00,000 per kg on Thursday. Let us tell you that on Wednesday, silver prices gained Rs 1000 to Rs 1,00,000. Gold, spotted in international markets, fell at $ 17.94 an ounce to $ 3,304.46 an ounce. “Investors are now eagerly waiting for the US large economic figures coming in the latter for further economic signals, such as the initial GDP, weekly unemployment claims and pending domestic sales for further economic signals,” said AVP-Join Research in Kotak Securities.
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