Stock market The decline continues but the process of boom in gold and silver is not stopping. Gold prices rose by Rs 200 to Rs 87,900 per 10 grams in the bullion market of the national capital on Monday amid the purchase of jewelery traders and the weakening of the rupee. The All India Bullion Association gave this information. In the last trading session (on Friday), gold with 99.9 percent purity closed at Rs 87,700 per 10 grams. The price of gold with 99.5 percent purity increased by Rs 200 to Rs 87,500 per 10 grams. Its previous closed price was Rs 87,300 per 10 grams. Additionally, the price of silver also increased by Rs 100 to Rs 96,500 per kg.
Gold price fell last week
LKP Securities Vice-Chairman Research Analysts and Mudra Jatin Trivedi said, “Gold remains positive even after 1.60 percent profit booking last week. The fresh bounce has been seen due to stress over global uncertainty, tension over talks between US and Ukraine leaders. ”In addition, Trivedi said that gold is an option for safe investment due to existing fees concerns and dollar fluctuations. However, any positive development in Russia-Ukraine relationships or global trade fees can put pressure on prices. Gold futures for April delivery in international markets rose by $ 34.80 to $ 2,883.30 an ounce. Meanwhile, the spot gold rose $ 16.52 to $ 2,874.35 an ounce.
The situation is not clear about the future
“Gold recorded a slight edge on Monday, as the demand for bargaining and safe investment supported precious metals. According to Chintan Mehta, Chief Executive Officer (CEO) of Abans Holdings,” Gold was recorded in a slight increase, while the demand for bargaining was seen on Monday, “said Soumil Gandhi said Saumil Gandhi said,” Gold was recorded on Monday, while the demand for bargains was seen on the signs of market inflation, ” Finally, non-agricultural employment data are waiting.
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