New records were made in the bullion market in Ahmedabad today. Gold has increased by Rs 100. And silver increased by Rs 2,300. 1,000. Along with this, gold has recorded an all -time high level of Rs 1000. 96,300.
The last all -time high of gold was Rs 200 per dollar. 94,000. Yellow metal has touched a new height due to increasing demand for gold to be considered safe investment. Amidst the apprehension that the imposition of 145 percent tariffs on China will increase the trade war, the price of yellow metal has increased. However, the US has postponed the implementation of mutual tariffs for 90 days.
Gold has also risen at $ 97 in the global market. With this, gold has reached $ 3221 an ounce. Silver rose by 41 cents to $ 31.35 an ounce in the global market. Meanwhile, the June delivery futures on MCX reached a record high level of Rs 93,736 per 10 grams and later fell slightly to Rs 93,240. Which Rs. It increased to 1,207, which shows an increase of 1.31 percent. Along with this, the number of open interest lots in futures was recorded at 19,722. Gold futures in New York also rose 2 percent to a record level of 3,240. This increase was observed because the dollar index fell below 100 for the first time in three years. Comex gold rose $ 59.40 to $ 3,236.90 an ounce. While silver rose 5.61 cents to $ 31,320 an ounce.
According to experts, although the US has given 90 days relief from mutual charges levied on other countries, it is not yet clear how much the trade war between the two countries will increase with the US levy 145% fee on China. Investors are running to invest in gold, which is considered safe investment, due to which prices have been seen. Apart from this, due to increasing geopolitical instability in the Middle East, there is also a competition for investment in gold.
According to bullion market experts, the current boom in gold is largely due to the support of central banks and Asian investors of the world. Gold prices are likely to increase further, as Western investors are also slowly moving to buy gold. On the other hand, China has allowed one percent fund of insurance sector to invest in gold. Due to this, large -scale purchases of gold will start in the coming days. Which will play an important role in the boom of gold. Apart from this, there is a big investment in gold in ETFs.
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