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Gold Price Today: Gold on record high, 10 grams of gold beyond Rs 88500, know why the price is increasing – Gold Price Today on Record High 10 Gram Gram Gold At Rupees 88500 Why Price Increasing

Gold Price Today: Gold prices have seen a huge jump in gold prices in Globar Market Markets after US President Donald Trump’s announcement of imposing 25 percent new duty on steel and aluminum imports. Has gone. Due to this, gold prices in the national capital Delhi rose by Rs 2,430 to an all -time high of Rs 88,500 per 10 grams on Monday.

Gold tremendous boom

According to the All India Bullion Association, gold with 99.9 percent purity reached Rs 88,500 per 10 grams as against Rs 86,070 per 10 grams for the previous trading session. At the same time, gold with 99.5 percent purity also increased by Rs 2,430 to Rs 88,100 per 10 grams.

Bounce in silver too

There was also a tremendous rise in the price of silver. Silver rose by Rs 1,000 to Rs 97,500 per kg. This has created a stir among investors and bullion traders.

Impact of boom in global market

Gold futures in the comex market rose $ 45.09 an ounce (1.56 percent) to a record level of $ 2,932.69 an ounce. Gold first crossed a psychological level of $ 2,900. LKP Securities KXPT Jatin Trivedi said that after Trump’s announcement of fees, the concerns of the trade war in the global markets have brought gold prices to a new height. Investors have turned to gold due to safe investment.

Gold reached record level on MCX

The April delivery price on the Multi Commodity Exchange (MCX) rose by Rs 940 to an all -time highest level of Rs 85,828 per 10 grams. At the same time, the June delivery contract increased by Rs 1,015 (1.18%) to Rs 86,636 per 10 grams.

Gold and silver prices increase in Indore too

Gold and silver prices were reported on Monday in the bullion market of Indore.

Gold – Rs 1,100 to Rs 87,100 per 10 grams

Silver – Rs 2,600 to Rs 97,800 per kg

Silver coin – Rs 1,100 per nos

Why are the prices of gold and silver growing?

Global economic uncertainty – Investors are investing in gold to avoid stock market volatility.

Dollar strength and rupee weakness – Gold prices are increasing in India due to the fall in rupee.

America-China business tension – Trump’s fee policy is expected to increase trade war, which has increased the demand for gold.

Possibility of rising inflation and interest rates – Gold is seen as a protection of inflation.

Will this bounce of gold and silver continue even further?

If global uncertainty persists, gold and silver prices may increase further. This can be a long -term beneficial investment option for investors.

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