global In view of the strong market trend, the price of gold with 99.9 per cent purity increased from Rs 600 to Rs 78,050 per 10 grams in the bullion market in capital Delhi on Tuesday. All India Bullion Association provided this information on the latest gold price. On Monday, gold with 99.9 per cent purity closed at Rs 77,450 per 10 grams. According to traders, the price of gold has also increased due to increased demand due to marriages. Along with gold, the price of silver also increased by Rs 1,500 to Rs 93,500 per kg. On Monday, the silver price closed at Rs 92,000 per kg. ,
Gold with 99.5 percent purity also became expensive
Apart from gold with 99.9 percent purity, today the price of gold with 99.5 percent purity also increased by Rs 600 to Rs 77,650 per 10 grams. In the last session, it had closed at Rs 77,050 per 10 grams. In international markets, Comex gold futures rose $19.50 per ounce to $2,634.10 per ounce. Jatin Trivedi, vice president research analyst (commodities and currencies) at LKP Securities, said: “Gold prices have risen due to rising geopolitical tensions. Additionally, the conflict between Russia and Ukraine has raised new fears about nuclear risks, increasing demand for gold as a safe investment option.
Impact on gold prices after Donald Trump’s victory
According to Saumil Gandhi, senior analyst (commodities) at HDFC Securities, gold hit a one-week high of $2,615 an ounce on Tuesday due to falling US bond yields, the dollar and demand for safe investments. Comex silver futures rose 0.79 percent to $31.47 an ounce during Asian trading hours. This year, gold has seen a strong rise and has broken many records, but due to the strengthening of the dollar after Donald Trump’s victory in the US presidential election, bullion prices have been affected.
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