on a national scale Gold prices today saw a sharp rise for the second day in a row due to heavy buying by jewelers and retailers due to the ongoing wedding season. A sharp rise of Rs 1,100 per 10 gram in gold prices of 99.9 per cent purity was recorded in the capital Delhi on Friday. After today’s rise, the price of gold with 99.9 percent purity reached Rs 80,400 per 10 grams. Let us tell you that this is the highest gold price in 2 weeks. All India Bullion Association has provided this information on the latest gold prices.
An increase of Rs 1,400 in gold prices was recorded on Thursday.
Also on Thursday, an increase in gold prices with a purity of 99.9 percent was observed. On Thursday, the price of gold with 99.9 percent purity closed at Rs 79,300 per 10 grams with a sharp rise of Rs 1,400. According to the Bullion Association, a sharp rise of Rs 1,100 has been recorded in the price of gold with a purity of 99.5 percent today. With today’s rise, the price of gold with 99.5 per cent purity in Delhi has reached Rs 80,000 per 10 grams. On Thursday, the price of gold with 99.5 per cent purity closed at Rs 78,900 after a rise of Rs 1,400.
An increase in gold futures prices was also recorded on Friday.
Jatin Trivedi, vice president and research analyst (commodities and currencies) at LKP Securities, said, “The bullish trend continues and gold regains its lost position.” Globally, gold futures in the commodity market rose to $36 an ounce. $2,735.30 an ounce. Saumil Gandhi, senior analyst (commodities) at HDFC Securities, said gold traders ignored the dollar’s strength amid rising tensions between Russia and Ukraine, leading to safe-haven investment flows into the bullion.
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