Gold Rate Today: Due to strong signals received from global markets, gold prices were seen in Delhi’s bullion market on Tuesday. At the same time, gold prices fell in Indore while silver became expensive.
The condition of Delhi bullion market
In Delhi, gold with 99.9 percent purity increased by Rs 950 to Rs 97,500 per 10 grams. At the same time, gold of 99.5 percent purity rose by Rs 1,000 to Rs 97,100 per 10 grams. On Monday, gold prices were recorded by Rs 3,400. In contrast, the price of silver declined by Rs 250 to Rs 99,450 per kg. Its price on Monday was Rs 99,700 per kg.
Chintan Mehta, CEO of Abson Financial Services, said that the markets have received some stability due to relief in America-China trade tension. The two countries have reduced the import duty imposed on each other. The US has reduced the fee on Chinese goods from 145% to 30%, while China has reduced the fee on US products from 125% to 10%.
Due to this, there was a improvement in global stock markets, but the news of Israeli attacks on Huti rebels in Yemen again turned investors towards safe means like gold.
Gold in the international market was trading at $ 3,253.38 an ounce on Tuesday. Kayanat Chanwala of Kotak Securities said that gold had fallen by nearly three percent on Monday to a two -week low, but it gained a bit on Tuesday.
Rates in Indore bullion market
On Tuesday, gold prices fell by Rs 1,600 per 10 grams in Indore. Gold has now reached Rs 96,100 per 10 grams. At the same time, silver increased by Rs 2,300 per kg and its new price was Rs 98,300 per kg.
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