Gold jewelery in Gold Jewelery Store.
The price of gold increased again on Thursday. According to the All India Bullion Association, on April 24 in the national capital, the price of gold rose by Rs 200 to Rs 99,400 per 10 grams. Earlier, gold with 99.9 percent purity took a U-turn from the historic Rs 1 lakh level and on Wednesday fell by Rs 2,400 to Rs 99,200 per 10 grams. According to PTI news, gold with 9.5 percent purity also increased by Rs 200 to Rs 98,900 per 10 grams, compared to Rs 98,700 per 10 grams in the previous day.
Silver also jumped ₹ 700
On Thursday, silver prices rose by Rs 700 to Rs 99,900 per kg. Silver closed at Rs 99,200 per kg in the last closed price. In the Asian business hours, silver spot fell 0.48 percent to 33. 42 an ounce. According to the news, this reshuffle is being seen in the price of gold due to fresh purchases of stockists and jewelery vendors and weakening of the dollar. According to commodity market experts, Trump and Besant’s comments have helped revive the demand for safe-hevan bullion following a corrective decline from the highest level so far.
Gold price in futures market
In futures trading, gold contracts for June delivery on the multi -commodity exchange increased by Rs 1,046 or 1. 1 percent to Rs 95,768 per 10 grams. The price of gold opened with a strong gain of over Rs 1,000 and reached MCX to Rs 95,700, while Comex Gold remained firmly over $ 3,300. Globally, the spot gold increased by $ 47.16 or 1.43 percent to $ 3,335.50 an ounce. ,
What do experts say
Jatin Trivedi, VP of Commodity and currency in LKP Securities, said that delay in diplomatic progress, as well as uncertainty to China’s official reaction, enhances the sense of risk. Trivedi said that in particular, China has not yet released a strong or clear stance on trade discussions, which increases geopolitical haze. Gold prices rapidly touched the record height after a short -term improvement due to profits in gold prices, but the consecutive changes made by President Donald Trump in trade policy led to unstable investors perception, leading to a rapid rise.
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