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On Tuesday, the price of gold of 99.9 percent purity in Delhi’s bullion market rose by Rs 600 to Rs 78,050 per 10 grams, following a strong trend in the global market. The All India Bullion Association gave this information on the latest price of gold. On Monday, gold of 99.9 percent purity closed at Rs 77,450 per 10 grams. According to traders, the increase in demand due to weddings has also led to an increase in gold prices. Along with gold, the price of silver also rose by Rs 1500 to Rs 93,500 per kg. On Monday, the price of silver closed at Rs 92,000 per kg.
Gold of 99.5 percent purity also became expensive.
Apart from 99.9 percent pure gold, today the price of 99.5 percent pure gold also rose by Rs 600 to Rs 77,650 per 10 grams. In the last session, it closed at Rs 77,050 per 10 grams. In the international markets, Comex gold futures rose by $ 19.50 an ounce to $ 2,634.10 an ounce. Jatin Trivedi, Vice President Research Analyst (Commodity and Currency) at LKP Securities, said, “Gold prices have risen due to rising geopolitical tensions. Also, there have been renewed fears about nuclear risks in the Russia-Ukraine conflict, which has increased the demand for gold as a safe investment option.
Donald Trump’s victory had an impact on the price of gold.
According to HDFC Securities Senior Analyst (Commodity) Saumil Gandhi, gold on Tuesday crossed a one-week high of $ 2,615 an ounce due to a fall in US bond yields, dollar, and safe investment demand. Comex silver futures rose 0.79 percent to $ 31.47 an ounce in Asian trading hours. Gold has risen strongly this year and made many records, but the strengthening of the dollar after Donald Trump’s victory in the US presidential election has affected bullion prices.
