The price of gold rose by Rs 1,300 to Rs 89,400 per 10 grams so far amid heavy buying by jewelery and retailers. The All India Bullion Association has given this information. On Thursday, the price of gold with 99.9 percent purity was at Rs 88,100 per 10 grams. Gold with 99.5 percent purity rose by Rs 1,300 to a new level of Rs 89,000 per 10 grams, while the previous closed price was Rs 87,700 per 10 grams.
The price of silver also jumped at Rs 2,000 on Friday to a four -month high level to Rs 1 lakh per kg. Silver closed at Rs 98,000 per kg on Thursday. Jatin Trivedi, vice -president of LKP Securities, Jatin Trivedi, said that gold prices continued to rise due to continuous support from the weak dollar index and US fee policies. Trivedi said that now focus is on the upcoming American retail sales figures. This can affect the next speed of gold.
Globally, the April delivery comes gold futures increased by $ 6.49 an ounce to $ 2,951.89 an ounce. Meanwhile, the spot gold rose to $ 2,929.79 an ounce.
According to Kotak Securities, Comex Sona futures maintained their boom for the third consecutive day. It reached a high level of $ 2,960 an ounce. This is the seventh consecutive week, when it was accelerated. This is the longest time since August 2020, when the process of fast continues. According to the instructions of US President Donald Trump, the possibility of mutual tariff against many countries has brought uncertainty in global trade and economic perspectives. The joint effect of these factors is increasing the attraction towards gold as a safe investment and its price is getting stronger. Comex silver futures rose nearly four percent to $ 34 an ounce in the Asian business.
(This news has not been edited by the NDTV team. It has been published directly from the syndicate feed.)
