New Delhi:
Gold also came to an end in the bullion market of the national capital Delhi amid the fall in prices of precious metals globally. Gold fell by Rs 300 to Rs 91,650 per 10 grams in the local market on Thursday. All India Bullion Association gave this information. On Wednesday, gold with 99.9 percent purity rose by Rs 700 to close at its all -time highest level of Rs 91,950 per 10 grams.
Gold with 99.5 percent purity, which closed at Rs 91,500 per 10 grams in the previous session, fell by Rs 300 to Rs 91,200 per 10 grams on Thursday. The price of silver also fell by Rs 1,500 to Rs 1,02,000 per kg on Wednesday’s closed level of Rs 1,03,500 per kg. Silver was also closed at all -time high on Wednesday. In the last three sessions, gold had increased by Rs 2,500 per 10 grams to its all -time highest level, while silver rose by Rs 2,300 per kg to reach its new peak.
Gold in global markets fell by $ 14.44 to $ 3,033.35 an ounce on Thursday. It reached an all -time high of $ 3,057.36 an ounce in the morning trading. Similarly, comex gold futures fell 0.11 percent to $ 3,038 an ounce for April delivery. During the session, it touched a new peak of $ 3,065.09 an ounce.
Kotak Securities said in a circular, “Comex gold reached a record level of US $ 3,065.2 per ounce, which later decreased to around US $ 3,042, yet the lead continued.” He said, “Prices are close to record height, as it is supported by strong safe-collision between geophysical stresses.”
According to Chintan Mehta, Chief Executive Officer (CEO) of Abans Financial Services, market participants will closely monitor the American weekly unemployment claims issued on Thursday to assess the power of labor market. Mehta said, “Investors will also get information from the press conference of the US Federal Reserve chief Jerom Pavel in Washington.”
