The effect of tariff war between America and china is visible!
The effect of increasing tension between America and china regarding tariff is being seen on gold. According to the All india Sarafa Association, the price of gold in india jumped by Rs 6,250 on Friday. With this, the price of 10 grams of gold in the national capital Delhi has reached its all-time high level of Rs 96,450.
gold reaches high level after four days of decline
According to the report of news agency PTI, after four days of decline, the price of 99.5 percent pure gold has reached Rs 96,000 per 10 grams, while on wednesday it closed at Rs 89,750. This is the highest level so far. At the same time, if we talk about gold with 99.9 percent purity, then its price has also increased. Today its price has closed at Rs 96,450 as against the previous day's Rs 90,200.
The price of silver has also increased along with gold
The price of silver has also increased along with gold. It has reached Rs 95,500 per kg with a jump of Rs 2,300, whereas earlier it had closed at Rs 93,200. This reflects the increase in the demand for gold in the global market. Let us tell you that the domestic bullion market was closed on thursday on the occasion of Mahavir Jayanti.
The price of gold contract for june delivery in futures trading on MCX rose by Rs 1,703 to a new high of Rs 93,736 per 10 grams. Jatin Trivedi, VP Research Analyst, LKP Securities, told TOI in this regard, the price of gold is increasing despite the strength of the rupee due to increasing geopolitical uncertainty and increasing tariff war between the US and China.
Increase in the price of gold in the international market too
At the international level, spot gold touched the level of $ 3,237.39 per ounce. gold prices also rose in Asian markets. Comex gold futures rose to a record level of $ 3,249.16 per ounce in the Asian market. This is an indication of increasing demand for gold in search of safe investment.
click and follow Indiaherald WhatsApp channel