On the day of Holi, from New Delhi to New York Gold has recorded a record. Where Gold in the Comex futures market of New York reached the first $ 3,000 per on Oce. On the other hand, India's futures market Multi Commodity Exchange has reached beyond Rs 88,300, setting a new record. The price of gold can reach even further during the business session. Due to Holi day, business remained closed in the morning session. MCX opened in the second trading session at 5 pm and set the record. In the current month, the prices of gold have seen a rise of more than 4.85 percent.
According to experts, the price of gold is being seen in the price of gold due to the political tension and the uncertainty spread due to the tariff war of Trump. The US President has announced to impose 200 percent tariff on European wine. Due to which a door of tariff war has opened. This means that the President of America has opened the front of Tariff War from Asia to Europe. Due to which the prices of gold are increasing. Let us also tell you how much gold prices have gone from India's futures market to American futures market.
Gold prices are seeing a tremendous rise on the country's futures market Multi Commodity Exchange. According to the data, the price of gold reached the level of Rs 88,310 per ten grams. At 6.40 pm, the price of gold was getting up to Rs 394 and the price was at Rs 88,169. While the price of gold was opened at Rs 87,781 per ten grams at 5 pm. The price of gold was closed at Rs 87,775 per ten grams a day earlier.
By the way, in the month of March, the price of gold has seen a rise of about 5 percent. Gold price was seen at Rs 84,219 on the last trading day of February. Since then, the price of gold has been increased by Rs 4,091 per ten gram i.e. 4.85 percent. Talking about the current year, the price of gold has been seen by about 14 percent. The price of gold was Rs 77,456 per kg on the last year's last year's last year. So far, it has seen a rise of 10,854 rupees i.e. 14.01 percent.
On the other hand, the price of gold in the Comex market in New York, ie the US futures market, reached the first time to 3000 dollars. If we look at the data, the price of Gold Future reached Life Time High with $ 3015. While the price of gold is trading at $ 3,010.10 with an increase of $ 19 per on $ 19 at 7 pm. On the other hand, the price of gold spot has reached Life Time High with $ 3,000. The price of the gold spot rose by $ 6 at 7 pm at $ 2,994.77 per onon. At the same time, the price of gold spot in the British market is trading at 2,313.95 pounds per onon with a gain of 6.17 pounds per onon. On the other hand, gold is trading at 2,748.03 euros per onos in the European market.
According to Anuj Gupta, head of commodity currency in HDFC Securities, the main reason for the rise in gold prices is Jio Political Tension and American tariff war. Because of which uncertainty in the international market has been the cause. He said that there has been a decrease in inflation in both India and America. Its effect is also being seen in gold prices. He said that in the coming days, the prices of gold can be seen even more.
