global In view of the strong trend in the market, on Tuesday, the price of gold of 99.9 percent purity rose by Rs 600 to Rs 78,050 per 10 grams in the bullion market of the capital Delhi. All India Bullion Association gave this information on the latest price of gold. On Monday, gold of 99.9 percent purity had closed at Rs 77,450 per 10 grams. According to traders, gold prices have also increased due to increase in demand due to marriages. Along with gold, the price of silver also increased by Rs 1500 to Rs 93,500 per kg. On Monday, the price of silver closed at Rs 92,000 per kg. ,
Gold of 99.5 percent purity also became expensive
Apart from 99.9 percent purity gold, today the price of 99.5 percent purity gold also increased by Rs 600 to Rs 77,650 per 10 grams. In the last session, it had closed at Rs 77,050 per 10 grams. In international markets, Comex gold futures rose by $ 19.50 an ounce to reach $ 2,634.10 an ounce. Jatin Trivedi, Vice President Research Analyst (Commodity and Currency) at LKP Securities said, “Gold prices have increased due to increased geopolitical tensions. Also, the Russia-Ukraine conflict has raised fresh fears about nuclear risks, which has increased the demand for gold as a safe investment option.
Impact on gold prices after Donald Trump’s victory
According to Saumil Gandhi, Senior Analyst (Commodity), HDFC Securities, gold crossed a one-week high of $ 2,615 an ounce on Tuesday due to fall in US bond yields, dollar and demand for safe investments. Comex silver futures rose 0.79 percent to $ 31.47 an ounce in Asian trading hours. This year, gold has seen a strong rise and has set many records, but due to the strengthening of the dollar after Donald Trump’s victory in the US presidential election, bullion prices have been affected.
