gold Silver
Gold Rate Today: The price of gold remained stable at its all -time high of Rs 94,150 per 10 grams in the bullion market of the national capital on Wednesday amid concerns about the US imposition of counter duty. However, silver prices fell by Rs 1,02,500 per kg to Rs 1,01,500 per kg on Tuesday. The All India Bullion Association has given this information. On Tuesday, gold with 99.9 percent purity was closed at an all -time high of Rs 94,150 per 10 grams at an all -time high of Rs 94,150 per 10 months.
Market alert before Trump’s decision
Experts at the bullion market said that gold prices remained stable before US President Donald Trump’s counter -duty was implemented on various countries including India. Senior analyst in HDFC Securities-Soumil Gandhi said that there is a great possibility that the event (counter-duty) will cause a new wave of instability in all financial asset classes. Gandhi said, “Investors will assess how the next round of charges will affect the global trade, the global economy and the geopolitical front, and will react to it. Uncertain (unstable) time is usually beneficial for precious metals.
Global market slight boom
On the global front, the spot gold rose 0.11 percent to $ 3,116.86 an ounce. In addition, comex gold futures for June delivery remained stable at $ 3,149.30 an ounce. Meanwhile, silver spot in the Asian market rose 0.52 percent to $ 33.87 an ounce. According to Kayanat Chanwala, AVP-Join Research of Kotak Securities, market participants will also be waiting for the release of American private jobs report, which can provide more information on the monetary policy of the Federal Reserve.
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