Gold Price: The rise in gold prices for 4 consecutive days finally came to an end today. On Tuesday, there has been a major decline in gold prices in the bullion market of the capital Delhi. Today, the price of gold with 99.9 percent purity fell by Rs 800 to Rs 98,500 per 10 grams. The All India Bullion Association gave this information. Let us tell you that on Monday, the price of gold increased by Rs 550 to Rs 99,300 per 10 grams. Last week, on Wednesday, Thursday, Friday and then on Monday, gold prices were recorded at a total of Rs 2760.
Once again silver price came down from Rs 1 lakh
Along with gold of 99.9 percent purity, gold with 99.5 percent purity also fell by Rs 800 to Rs 98,000 per 10 grams (including all taxes). In the last trading session, it closed at Rs 98,800 per 10 grams. Apart from this, the price of silver today also fell by Rs 1370 to Rs 99,000 per kg. Let us tell you that the price of silver rose by Rs 1170 to close at Rs 1,00,370 per kg on Monday.
45.03 per ounces seen in spot gold on Tuesday
In the global market today, the spot gold fell by $ 45.03 an ounce or 1.35 percent to $ 3296.92 an ounce. AVP-Join Research Kayanat Chanwala in Kotak Securities said, “Gold is trading below $ 3350 an ounce due to pressure from Brussels to accelerate trade talks with the US, which has reduced the demand for safe comfort.”
Now where will investors be focused for further strategy
Kayanat Chanwala said that investors are now focusing on the order and consumer confident data of American sustainable goods coming to further information about the economic approach between tariffs and inflation concerns.
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