Sona Chadi Mein Tezi!
Are you ready for some exciting news? Gold prices are shining bright today! The price of 99.5% pure gold has zoomed up by Rs 50, reaching a record-breaking high of Rs 96,450 per 10 grams! This is according to the All India Sarafa Association. Wow, what a jump!
24 Carat Gold Ki Baat
Now, let’s talk about 24-carat gold. India Bullion Association reports that it closed at Rs 93,390 per 10 grams at 6:20 p.m. It’s still a good number, but not as high as the 99.5% pure gold.
Silver Bhi Uchal Raha Hai!
Silver is also making a move! The price climbed by a whopping Rs 2,500, touching Rs 97,500 per kg. This is due to increased demand in the industry. Yesterday, the price was lower at Rs 95,000 per kg, showing a big price change today.
Global Market Ki Update
Globally, the picture is similar. Spot gold is up! It gained $13.67 (0.43%) and hit $3,224.60 per ounce. Comex gold futures for June delivery also saw a 0.47% increase, reaching $3,241.50 per ounce. This all adds to the exciting news today!
Experts Ki Raaye
Experts say that the weakening dollar and the uncertainty in US trade policies are supporting these higher gold prices. Chintan Mehta from Abans Financial Services says that the upcoming press conference by the US Federal Reserve Chair Jerome Powell on Wednesday is something to watch closely. Investors are waiting for any signals on how the central bank might react to trade tensions or any economic slowdown.
Saumil Gandhi from HDFC Securities added that traders are now looking at US economic data, like the NY Empire State Manufacturing Index, which is coming out later today. They are also paying attention to speeches by Thomas Barkin and Christine Lagarde, but US trade news will greatly influence the market, he said.
In Short
In short, today’s gold prices are making big headlines. This is a breaking news update everyone wants to know about. The market is buzzing! The latest updates show a bullish trend, but the global situation still holds some uncertainty. Keep an eye out for more news and updates. We will keep you posted on any future changes in prices.
