Gold prices rose despite the US Federal Reserve not immediately needed to cut rates.
Gold Rate Today: The price of gold and silver returned again on Thursday. The price of gold increased by Rs 140 to Rs 88,100 per 10 grams in the national capital Delhi. The precious metal of 9 percent purity was closed at Rs 87,960 per 10 grams on Wednesday. Similarly, gold of 99. 5 percent purity rose by Rs 140 to Rs 87,700 per 10 grams, while the previous day it closed at Rs 87,560 per 10 grams. According to PTI news, the price of silver also increased by Rs 800 to Rs 98,000 per kg. Silver closed at Rs 97,200 per kg on the previous day.
Gold and silver in futures market today
According to the news, gold contracts rose by Rs 364 to Rs 85,845 per 10 grams for April delivery in futures trading on MCX. Silver futures rose by Rs 191 to Rs 95,693 per kg on Multi Commodity Exchange (MCX). In foreign markets, Comex Gold futures for April delivery increased by $ 90 an ounce to 2,944. It was $ 60 an ounce. Meanwhile, spot gold also increased by 12. 72 an ounce or 0. 44 percent to 2,916. It was $ 76 an ounce.
What do experts say
Soumil Gandhi, Senior Analyst (Commodities) of HDFC Securities, said that Gold recovered from the recent low and was trading with an edge on Thursday, as the heaven demands in response to several disruptive tariff announcements by US President Donald Trump, Those who have to be implemented soon. Gandhi said that investors are concerned that the US President’s trade fee may lead to a global trade war, which remains a favorable status for safe metals like gold.
VP Research Analyst of LKP Securities – Commodity and Currence Jatin Trivedi said that despite the US CPI (Consumer Price Index) data not to increase significantly and the rates of rates by the US Federal Reserve, there is no immediate need to cut rates. Then felt fast. Trivedi said that the safe appeal to gold has been supporting its strength, which maintained the perception of widespread rise. Kayanat Chanwala, AVP-Modity Research of Kotak Securities, says that investors are also waiting for the producing price index (PPI) data to be released later on Thursday for monetary policy and further guidance for bullion prices.
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