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gold and silver The pattern of rising costs continues. In the present day once more gold grew to become costlier by Rs 500. Within the bullion market of the nationwide capital on Thursday, the worth of gold rose by Rs 500 to Rs 65,650 per 10 grams. That is its all-time excessive. Gold costs rose for the third consecutive day. Within the final commerce, the worth of gold had closed at Rs 65,150 per 10 grams.
Silver additionally reached near 75 thousand
The value of silver additionally elevated by Rs 400 to Rs 74,900 per kg. Within the final buying and selling session, it had closed at Rs 74,500 per kg. Saumil Gandhi, senior commodity analyst at HDFC Securities, stated, “Within the Delhi market, gold (24 carat) was buying and selling at spot value of Rs 65,650 per 10 grams, which is a rise of Rs 500 from the earlier closing value. Within the worldwide market, gold spot in Comex (commodity market) was buying and selling strongly at $ 2,152 an oz, which is a rise of $ 30 from the earlier closing value. Gold on Comex hit a brand new excessive of $2,161.50 an oz in Asian buying and selling hours on Thursday after Federal Reserve chief Jerome Powell reiterated that the US central financial institution will decrease rates of interest this 12 months, Gandhi stated. Silver was at $24.10 per ounce as towards its earlier closing value of $23.75 per ounce.
These elements will have an effect on gold
“Going ahead, the market’s focus has shifted to the upcoming US Client Value Index (CPI) knowledge for February,” stated Jatin Trivedi, Vice President, Analysis Evaluation Division, LKP Securities. This may show to be an vital issue for the course of gold costs subsequent week.” He stated, ”Additionally, non-farm payrolls and unemployment knowledge to be launched on Friday will present additional course for gold traits. ”
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2024-03-07 14:37:42
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