On Monday, US President Donald Trump once again put 25 % flat tariff on South Korea and Japan Tariff war Has awakened By which gold price I have seen a boom again. According to experts, in addition to tariffs, gold prices have also got boost due to the decline in dollar index. For this reason, gold prices in the country's capital Delhi have crossed 99 thousand rupees once again. If this situation continues, then soon the gold prices will cross one lakh rupees once again. By the way, according to experts, inflation figures in America will also decide the prices of gold. Let us also tell you how much has been seen in the price of gold in Delhi and how much has been done.
According to the All India Bullion Association, the price of gold increased by Rs 550 to Rs 99,120 per 10 grams in the country's capital Delhi. On Monday, the price of gold with 99.9 percent purity closed at Rs 98,570 per 10 grams. The bullion association said that the gold with 99.5 per cent purity increased by Rs 500 to Rs 98,600 per 10 grams (including all taxes). Apart from this, silver prices were unchanged at Rs 1,04,800 per kg (including all taxes) in the third consecutive session on Tuesday. Meanwhile, gold in international markets fell by $ 11.42 or 0.34 percent to $ 3,325.09 an ounce.
Senior Anellist Commodities of HDFC Securities, Soumil Gandhi said that gold reversed yesterday's loss and recorded an edge on Tuesday due to increasing the possibility of a trade war starting. The market notion has changed after President Donald Trump's announcement of a plan to impose 25 percent duty on imported goods from Japan and South Korea. He said that this decision reflects President Trump's widespread initiative to improve the US trade policies, which has created continuous uncertainty in the markets. In such a situation, the atmosphere becomes favorable for safe-transport assets gold.
Chintan Mehta, CEO of Abson Financial Services, said that investors would closely monitor the US trade talks, Federal Reserve's comments and fresh inflation figures, which will determine the further move of gold. According to Tejas Shigrekar, Senior Tech Analyst (Commodity and Currence) of Angel One, gold remains an important hedge asset. He said that the dollar has weakened since June, which has increased the demand for gold for customers. Especially due to the procurement of central banks of various countries including developing countries like China and India, there is also a long -term demand. He said that after a temporary break, the ETF flow has resumed, and strong spot demands continue in the jewelery markets.
