Gold price today: The precious metal has been softened between signs of low trade war tension between the US and China. Gold prices have fallen below their all -time high levels for the third consecutive day. The price of gold in Ahmedabad has increased by Rs 100. There has been a decrease of 100.900 per 10 grams in the last three days. Gold and silver have declined on MCX today.
Gold 98600 in Ahmedabad
According to Ahmedabad Choksi Mahajan, gold is Rs 100 per kg in Ahmedabad today. It was 98600 per 10 grams. Which on 22 April From the historical high level of rupee. 101500 per 10 grams. It has become cheaper by Rs 2900. While gold is up 100 rupees. 100. It has declined a slight decline of 100. At the same time, silver prices have increased by Rs 100. Above 100 for the second consecutive day. It remains stable at 98,000 per kg.
Gold falls by 823 on MCX
MCX Gold (5 June futures) today Rs. It was being spoken at 95089 per 10 grams with a decline of 823. Silver (May 5 futures) Rs 823 per 10 grams. It was trading at 97180 per kg with a decline of 331. Apart from this, other precious metals were also in red mark.
Globally positive factors affected the economy
US President Donald Trump said that talks are going on with China on the issue of trade war. The tariff is expected to be reduced. But on the other hand, China has denied any kind of dialogue with the US to reduce trade tension. After such reports, there is relief that talks are going on with other countries around the world on the tariff issue. The dollar index is also in a state of improvement after a decline in the last two weeks. Today the dollar index strengthened. Today, the rupee fell 10 paise to 85.45 against the dollar. Gold and silver shine have faded due to positive factors globally.
Equity market boom
After the major decline caused by the tariff war, there has been a improvement in stock markets around the world. Stock markets have seen a boom after improving the Asian markets including US-European markets. Foreign investors in India have also increased their investment in the equity market. This has indicated that investors are moving from precious metals and turning to shares.
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