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Gold Price Today: Amidst the uncertainty in the international market, there is a steady increase in the price of gold. The price of gold has touched the 3350 spectator index in the international market on Thursday. A day earlier, the spot gold rose to a record high level of $ 3,318 an ounce. However, later its profit decreased somewhat and it was trading at $ 3,299.99 an ounce.
Here, when we talk about the price of gold in Indian markets, it was priced at Rs 98,100 per 10 grams in the national capital Delhi on Wednesday. That is, there was a huge increase in the price of Rs 1650 in one day. After April 11 in the price of gold, this is the highest one day. In that local markets, gold spot in gold had increased by Rs 6,250 per ten grams, which is the biggest rise of one day so far.
This year, the price of gold has increased by Rs 18 thousand 710 or 23.56% so far. In the futures trading of the Multi Commodity Exchange i.e. MCX, the price of June delivery increased from Rs 1,984 or 2.12% to Rs 95,435 per 10 grams. Gold is considered to be the most suitable option of investment at this time due to heavy concern among investors due to the stress of global trade war between the US and China. Thursday i.e. today’s gold and silver prices will come as soon as the market opens.
According to All India Bullion Association, 99.9 percent purity on Tuesday gold price 96.450 rupees. However, the price of gold with 99.5 per cent purity also reached 97,650, whose price was Rs 96,000 a day earlier. Similarly, if we talk about silver, then it increased by Rs 1900 to Rs 99,400 per kg on Wednesday, which was Rs 97,500 on Tuesday a day earlier.
LKP Securities Vice President Research Analyst (Jin and Money) Jatin Trivedi says- Gold prices have once again gained momentum, gold is touching the historical level of Rs 95000 in MCX. Whereas in comex it has crossed 9 thousand dollars. This shows the demand for strong safe investment. He says that this fast is due to geopolitical uncertainty and trade war in the US-China. As long as this tension remains, the price of gold is likely to remain at a record level.
Significantly, US President Donald Trump has asked to investigate whether the fees are required on important minerals, this has increased the concern in the market. The US administration on Wednesday increased the fees on most goods coming from China by 245 percent.
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