Gold appeal is increasing as a safe investment.
Multiper metal gold has dropped below its all -time high on Monday. In the national capital, the price of gold declined by Rs 1,200 to Rs 88,200 per 10 grams on Monday. The yellow metal of 99.9 percent purity rose by Rs 1,300 to an all -time high of Rs 89,400 per 10 grams on Friday. According to PTI news, gold with 99.5 percent purity fell below its record level and fell by Rs 1,200 to Rs 87,800 per 10 grams. It closed at Rs 89,000 per 10 grams in the last trading session.
Silver is also reduced
According to the All India Bullion Association, silver prices were also sold for selling on Monday and it fell by Rs 1,800 to Rs 98,200 per kg. Gold prices saw a fall due to fresh selling of stockists and retailers. Traders said that the demand for jewelery vendors as well as retailers in the domestic spot market at existing levels affected the prices of precious metals.
Gold and silver in futures market today
Gold contracts increased by Rs 431 to Rs 85,118 per 10 grams for April delivery in futures trading on MCX. Silver futures on Multi Commodity Exchange (MCX) also increased by Rs 234 to Rs 95,820 per kg. Comex gold futures increased to $ 11.25 an ounce to $ 2,911.95 an ounce for April delivery in global markets. Meanwhile, gold on comex is trading at $ 2,896.68 an ounce on comex. Comex silver futures rose 0.12 percent to $ 32.89 an ounce. On Friday, the white metal closed at a high level of $ 34.24 an ounce.
What do experts say
AVP-Modity Research in Kotak Securities, Kayanat Chanwala said that after a sharp decline in the last session, Comex Gold jumped up again, as American retail sales figures as well as less than expected PCE data are expected, which in the money markets In 2025, the fed has been motivated to impose a price of about 40 basis digits of interest rates.
Senior analyst of commodities at HDFC Securities, Saumil Gandhi, said that the business started with a positive stance in gold due to a decline in the US Treasury Yield and softening in the US dollar. The dollar index remained close to a two -month -low level after a decline of over one percent last week, which decreased due to weak US economic figures. Gandhi highlighted that President Donald Trump’s tariff policies are becoming increasingly uncertain due to delay, increasing the appeal of gold as a safe investment.
According to Chintan Mehta, Chief Executive Officer of Abson Holdings, investors are closely monitoring the American macro data to be released on Tuesday to know the further direction for gold prices. Market participants will wait for the Mons and speeches of the Federal Open Market Committee meeting later this week for the US Federal Reserve’s monetary policy indications.
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