Top News

New delhiNew Delhi,According to the All India Bullion Association, the latest purchases of stockists in accordance with strong global trends rose by Rs 400 to Rs 1,01,420 per 10 grams in the national capital on Thursday. In the last session, this yellow metal with 99.9 percent purity was closed at Rs 1,01,020 per 10 grams. Gold with 99.5 percent purity increased by Rs 400 to Rs 1,01,000 per 10 grams (including all taxes) on Thursday. On Wednesday, it closed at Rs 1,00,600 per 10 grams.

In the national capital, silver prices rose by Rs 1,500 to Rs 1,13,500 per kg (including all taxes) on Thursday. Augmont’s research chief Renisha Chanani said, “Gold and silver prices rose after the US Federal Reserve re-starting the interest rate cuts in the September meeting. Gold and silver prices rose. The recession signs of recession in the labor market provided more relief, while the recent report of the American Consumer Price Index has reduced the concerns of tariff-defamation.”

Globally, gold in New York rose mowed to $ 3,356.96 an ounce. Gold prices continue to rise before the US productive price index and data of unemployment claims. Kayanat Chanwala, AVP of Commodity Research in Kotak Securities, said, “However, Washington and Beijing have been oppressed by the extending their tariff agreement for 90 days and the upcoming talks between the US, European, Ukrainian and Russian leaders, which may reduce further speeds.”

According to Jatin Trivedi, the VP of Commodity and currency in LKP Securities, dollar weakness has supported gold prices, while tariffs released on various countries have also supported its strength. Overall, it remains positive as long as the gold remains at $ 3,280 an ounce.