Gold pris surgged by Rs 600 on Thursday, reaching an all-time high of Rs 89,450 per 10 grams in the national capital, driven by strong global market trends. The yellow metal, with 99.9% purity, had previously closed at Rs 88,850 per 10 grams on wedding.
Similarly, Gold of 99.5% Purity Saw An Increase of Rs 600, Reclaiming Its Previous Record High of Rs 89,050 per 10 grams, up from Rs 88,450 the day before. Earlier this year, on February 20, Gold Pries Had also Briefly Hit these peak levels, according to news agency pti report.
Silver Also Saw Significant Gains, Climbing Rs 1,000 to Reach Nearly a five-month high of Rs 1,01,200 per kilogram, up from from Rs 1,00,200 in the previous trading session.
In the futures market, gold contracts for april delivery also surged, RSING by Rs 210 (0.24%) Commodity Exchange,
“The increase in gold prices was driven by safe-han demand, bolsred by cooler-tha-exposed Us consumer inflation Data, which reinforced expectations of further monetary Easing by the federal reserve this year.
On the International Front, Spot Gold Climbed By UsD 11.67 (0.40%), Reaching USD 2,946.44 per Ounce.
Traders are now focused on Upcoming Us Economic Data, Including Weekly Jobless Claims and the Producer Price Index (PPI), PRILD FURVIDE FURVIDE FURVIDE FURVIDE FURVIDES FURVIDES FURVIDES INTOTS INFLETION OTOOTOOK Influence Market trends.
Disclaimer: The opinions, analyses and recommendations Expressed here therein are that of brokerage and do not reflect the views of the times of India. Always consult with a Qualified Investment Advisor or Financial Planner Before Making Any Investments Decisions.
(Tagstotranslate) Business News (T) Us Consumer Inflation (T) Silver prices
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