99.5 per cent purity gold is also Rs. 96,000 per 10 grams compared to Rs. The fresh peaks of 97,650 were praised for Rs 1,650.
In addition, silver prices are Rs. 1,900 increased to 99,400 per kg. On Tuesday, white metal was Rs. 97,500 was closed.
On the global front, the spot gold increased to touch the record high of 3,318D USD Lars per ounce. Later, it looked at some of the benefits to trading on the USD lare at 3,299.99 D per Ounce Ts.
Kotak Securities’s APP-Commodity Research, Kannat Cenwala, said that gold has increased by the increasing concerns of the trade war after the US government tightened China’s export rules.
Living events
President Donald Trump has announced an inquiry into whether tariffs on critical minerals are needed, which further fuel market concerns. On Wednesday, the US administration increased the tariffs on most of the goods from China to 245 percent.
According to Chintan Mehta, chief executive officer of Abbean Financial Services, the US Dollar Ler Index slid down to a 100-mark below a three-year low.
He said the upscaping of gold has been accelerated by the rising expectations of potential interest rates, with markets coming to the day after the speech of US Federal Reserve Chair Jerome Powell.
“As the Federal Reserve explores the two challenges to support economic growth when operating tariff -based inflation, the current macro environment continues to provide strong support for gold.
Mehta said, “By increasing the boom, large banks remain positive at the point of view of gold, with the buying of gold-backed ETFs and central banks by continuous flow of continuous flow.”
Spot Silver rose by about 2 percent to $ 32.86 per Ounce tone in Asian market hours.
(Now you can subscribe to our Etmarkets WhatsApp channel)
