Gold increases by Rs 250 to hit fresh peak of 1.13 lakh/10 grams

Gold prices raised the second peaks of Rs 1,13,000 per 10 grams in the national capital on Wednesday, globally central banks, a weak Dollar Lar, and strong buying by extending geographical political uncertainties.

So far this year, the price of precious metals has increased by 34,050 or 43.12 per cent, which was Rs. Exceeded 78,950.

According to the All L India Sarafa Association, the precious metal was closed at Rs 1,12,750 per 10 grams on Tuesday, which is increasing by Rs 5,080 on Tuesday.

On Wednesday, the purity of 99.5 per cent, for a lifetime of Rs 1,12,500 per 10 grams (including all taxes), was hitting Rs.

“Gold records continue to trade close to SP, supported by a poor US de Dollar Ler Index, which has slipped to a seven -week low, and increasing expectations of aggressive rate decline in the coming months.

“In the Middle East region, US Treasury Yield and rising geographical tensions have already been priced,” said Chintan Mehta, CEO of ABNS Financial Services, though most of these have already been priced.

Meanwhile, on Wednesday, silver prices retreated with record levels, which dropped from Rs 300 to Rs 1,28,500 (all involved taxes). In the previous session, according to the Association, white metal settled at 1,28,800 per kg.

In foreign markets, spot gold is increasing by 0.85 percent on USDs 3,657.09 D per 3,657.09 ts. The yellow metal reached the fresh peak of the USD of 3,674.75D per Ounce Tuesday.

NS Ramaswamy, head of Ventura’s Commodity Desk and CRM, said the U.S. The main drivers behind the rally for the Federal Reserve Policy Outlook, the accumulation of central bank, geographical political stress, ETF and institutional flow for precious metal are.

Ramaswamy further said: “Gold is becoming the main road, in one’s portfolio, serving hot.

The new fresh SN in US sanctions against France, Japan and Russia is facing a new political crisis, he added.

Also, interest rates have intensified after a potential US job report on Friday.

Spot silver is up 0.88 percent to $ 41.23 per Ounce.

Ramswamy added that market participants will monitor the US macroeconomic data closely in which the Consumer Price Index will be released after the manufacturer price index and Thursday, which could affect the Fed rate reduction decisions and the price of bullion in the near term.