Silver price also gains a big gain of Rs 1000
Gold Price Today: Due to the latest purchases of jewelers and stockists, the price of 99.9 percent purity in the bullion market of the capital Delhi rose by Rs 1400 to Rs 96,450 per 10 grams on Friday. The All India Bullion Association gave this information. Along with this, the price of gold with 99.5 percent purity also increased by Rs 1400 to Rs 96,000 per 10 grams (including all taxes). Let us tell you that on Thursday, gold of 99.9 percent purity fell by Rs 1800 to Rs 95,050 per 10 grams and 99.5 percent purity gold closed at Rs 94,600 per 10 grams.
Silver price also gains a big gain of Rs 1000
On Friday, the price of silver also increased by Rs 1000 to Rs 98,000 per kg (including all taxes). Silver closed at Rs 97,000 per kg in the last trading session. Meanwhile, gold in international markets fell by $ 50.85, or 1.57 percent, to $ 3,189.25 an ounce. Jatin Trivedi, Vice President and Research analyst of LKP Securities, said, “The market saw a fluctuations due to potential trade agreements between prominent partners like America, Britain and China and the price of gold was hovering around $ 3200.”
Speed of purchase limited in bullion
Jatin Trivedi said that the speed of purchasing in bullion was limited by the US Federal Reserve not getting signs of soft trend and not immediate cuts in interest rates. Kayanat Chanwala, Senior Vice President (Commodity Research) of Kotak Securities, said the market participants are waiting for America’s Macro Economic Data. According to commodity experts, investors are also waiting for Mary Daily, a member of the US Federal Reserve, a member of the free market committee.
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