Women preferred gold jewelery at jewelery shop. (File)
In the national capital Delhi, the price of gold fell by Rs 200 to Rs 91,250 per 10 grams on Tuesday. Gold with 99.9 percent purity closed at Rs 91,450 per 10 grams on Monday. According to PTI news, gold with 99.5 percent purity fell by Rs 200 to Rs 90,800 per 10 grams. It closed at Rs 91,000 per 10 grams in the last market bandh. The All India Bullion Association says that there was a decline in the price of gold amid weak demand in local markets.
Silver price rises
Silver jumped on Tuesday after a decline of the last five seasons. Its price rose by Rs 200 to Rs 92,700 per kg, while the previous closed price was Rs 92,500 per kg. The Asian business was trading at $ 29 per ounce in the Asian business hours.
What do experts say
Vice President Research Analyst of LKP Securities- Commodity and Currence, Jatin Trivedi said that gold had a positive business with fast recovery. Weakness in the rupee further increased the boom. Tariff stress was the main factor, as China’s aggressive stance against American trade measures raised the safe-spring demand again. The global perception was cautious when the dollar index was around 102 points. This did not affect the bullion prices. Gold spot in foreign markets increased by 0.82 percent to $ 3,007.60 an ounce.
Senior analyst of Commodities of HDFC Securities, Soumil Gandhi, says the market participants are waiting for the weekend’s comprehensive economic data, including the results of the latest policy meeting of the US Federal Reserve on Wednesday. In addition, the US Consumer Price Index (CPI) on Thursday and the productive price index on Friday will also indicate the future path of the Fed policy.
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