Gold Rate Today: As if the price of gold has come to a tsunami. On Friday, the price of gold in the national capital rose by Rs 1,300 to an all -time high of Rs 89,400 per 10 grams. On Thursday, a precious metal of 99.9 percent purity closed at Rs 88,100 per 10 grams. According to PTI news, gold with 99.5 percent purity rose by Rs 1,300 to a new peak of Rs 89,000 per 10 grams, while the previous day had closed at Rs 87,700 per 10 grams. According to the All India Bullion Association, silver also rose by Rs 2,000 to a four -month high of Rs 1 lakh per kg on Friday. The metal closed at Rs 98,000 per kg on Thursday.
Gold in futures trading on MCX
According to the news, gold contracts increased by Rs 184 to Rs 85,993 per 10 grams for April delivery in futures trading on MCX. Jatin Trivedi, VP research analyst of commodity and currency in LKP Securities, said gold prices continued to rise due to continuous support from weak dollar index and American tariff policies. Gold rose on MCX, while the price of gold on comex rose to $ 2,935 an ounce. Trivedi said that now focus is on the upcoming American retail sales and core retail sales figures, which can affect the next speed of gold.
Silver futures price today
Silver futures on Multi Commodity Exchange (MCX) increased by Rs 2,517 or 2.64 percent to Rs 97,750 per kg. Globally, Comex Gold futures for April delivery increased by $ 6.49 an ounce to $ 2,951.89 an ounce. Meanwhile, the spot gold reached US $ 2,929 an ounce. According to Kotak Securities, Comex Gold futures increased their boom for the third consecutive day, reaching a record high of US $ 2,960 an ounce, as the top trend prepared gold for the seventh consecutive week, which August The longest series since 2020.
Uncertainty from Donald Trump’s instructions
US President Donald Trump’s instructions related to tariffs, the possibility of mutual tariff against many countries has brought uncertainty in global trade and economic perspectives. This development coincides with existing tariffs on Chinese goods and duty on steel and aluuminum imports. The brokerage firm said that the joint influence of these factors is contributing to the safe-genre appeal of gold and extending its price upwards. Comex silver futures were increased by about 4 percent to US $ 34 an ounce in the Asian market hours.
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