Gold silver Price: Due to the strong trend in global markets, gold prices increased for the second consecutive session in the national capital on Tuesday. According to HDFC Securities, gold prices rose by Rs 200 to Rs 72450 per 10 grams. In the last trading session, it had closed at the level of Rs 72250 per 10 grams. The price of silver also jumped by Rs 700 to Rs 85000 per kg.
Gold Silver Price: Due to the strong trend in global markets, gold prices increased for the second consecutive session in the national capital on Tuesday. According to HDFC Securities, gold prices rose by Rs 200 to Rs 72,450 per 10 grams. In the last trading session, it had closed at the level of Rs 72,250 per 10 grams.
There was a rise in silver also
The price of silver also jumped by Rs 700 to Rs 85,000 per kg. In the last trading session it was at Rs 84,300 per kg.
HDFC Securities Senior Commodity Analyst Saumil Gandhi said, “There were positive signals from overseas markets. Due to this, spot gold prices (24 carat) rose by Rs 200 to Rs 72,450 per 10 grams in Delhi markets.”
Talking about the international market, gold spot on Comex was trading at $ 2,319 an ounce. This is $7 more than the previous close.
Saumil said that there are indications that the US Federal Reserve may cut interest rates this year. There was softness in the words of American policy makers, which increased the expectations of interest rate cuts.
Rise due to geopolitical tension
Saumil said, “Growing geopolitical concerns in the Middle East have also increased the price of gold. Israel also rejected Hamas’ ceasefire proposal to end the fighting in Gaza. Even this, the price of gold, which is considered a safe investment, has increased. Has increased.
Even before this, a continuous rise in the price of gold was seen. Especially, due to increasing tension between Iran and Israel. But, there was a softening trend in it for some time. However, amid escalating geopolitical tensions and stock market volatility, Indian investors are turning to gold.
