Gold Price Today: On Tuesday, there was a huge increase in gold and silver prices in the bullion market of Delhi. Gold rose by Rs 1,100 to Rs 89,000 per 10 grams due to strong global signals and increased purchases by jewelery vendors. The All India Bullion Association gave this information.
Gold prices in Delhi bullion market
Gold with 99.9% purity gained Rs 1,100 to Rs 89,000 per 10 grams.
Gold with 99.5% purity rose by Rs 1,100 to Rs 88,600 per 10 grams.
According to traders, the global market increased instability after US President Donald Trump announced a new fee on Canada, Mexico and China, which led to the rise in gold prices. Due to increasing trade tension, investors’ trend moved towards safe investment.
Silver also shines, increase by Rs 1,500
Industrial demand and silver were also strong with gold and gold. Silver increased by Rs 1,500 to Rs 98,000 per kg, while it closed at Rs 96,500 per kg on Monday.
Global market also boom
Comex gold futures gained $ 32.70 to $ 2,933.80 an ounce for April contracts in the international market. Similarly, the spot gold also increased by about 1% to $ 2,921.42 an ounce.
HDFC Securities Commodity Expert Soumil Gandhi said that after the recently released weak economic data, the possibility of now has increased that the US Federal Reserve may soon cut interest rates, which can lead to further boom in gold.
Gold and silver prices also increased in Indore
Gold and silver also became expensive in the Indore bullion market on Tuesday.
Gold increased by Rs 800 to Rs 88,200 per 10 grams.
Silver reached Rs 500 to Rs 96,600 per kg.
Silver coin is being sold at Rs 1,100 per piece.
According to experts, due to global uncertainty, dollar weakness and possible policies of the Federal Reserve, gold and silver prices can also be seen in the coming days.
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