New Delhi: After the Pahalgam attack, the Indian government is fully prepared to take action on neighboring Pakistan. The effect of which is also seen to be on gold prices. Gold prices have been seen up to Rs 200 in the country's bullion market on Thursday due to buying from stockists and jewelery vendors and weak dollars. After this, the gold rate has increased to Rs 99,400 per 10 grams. This information has been given by the All India Bullion Association.

Gold, with 99.9 percent purity, took the gold rate 'U-turn' from a historic Rs 1 lakh level on Wednesday and fell by Rs 2,400 to Rs 99,200 per 10 grams. Also, gold with 99.5 percent purity also increased by Rs 200 to Rs 98,900 per 10 grams, while the previous closed price was Rs 98,700 per 10 grams.

US Finance Minister Scott Besant said on Wednesday that the current trade barrier between the US and China may continue for some time. Apart from this, US President Donald Trump has indicated that new tariff rates may be available for China in the next 2 to 3 weeks.

According to commodity experts from Jens Bazaar, Trump and Besant's comments have helped revive bullion demand as a Secure Investment Option after a decline under technical improvement in gold so far in gold. Meanwhile, the silver rate has increased by Rs 700 to Rs 99,900 per kg on Thursday. Silver closed at Rs 99,200 per kg in the previous closed price.

In LKP Securities, Vice President and Research analyst of Mudra and research analyst Jatin Trivedi has said that the gold rate opened with a gain of over Rs 1,000 and reached Rs 95,700 on MCX, as Comex Gold remained stronger than $ 3,300. The new bounce that came after a sharp change in the trump administration's attitude shows that the tariff may still remain the central part of the conversation before any concrete trade talks with China begin.

He has said that this delay in diplomatic progression, with uncertainty about China's official reaction, continues to increase the perception of risk. China has not yet released any strong or clear stance on trade meetings, which increases the geo political mist.

Gold at the global level increased by $ 47.16, or 1.43 percent to $ 3,335.50 an ounce. Chintan Mehta, Chief Executive Officer of Abance Financial Services, has said that the gold rate has accelerated the short term declining due to profits in the gold rate, as the gold reached a record height. Trump's latest statement has led to uncertainty about the American Economic scenario, increasing the demand for gold in the form of Secondary Investment.

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Kayanat Chanwala, Assistant Vice President in Kotak Securities, has said that unemployment benefits can affect the direction of the American macro economy data bullion prices, including claims and orders of durable items. The spot silver fell 0.48 percent to $ 33.42 an ounce in the Asian trading period.

(With agency input)