Gold Price Today: A huge increase in gold prices has been recorded on Thursday due to fresh purchases by jewelers and retailers. On Thursday, the price of gold of 99.9 percent purity increased by Rs 1400 to Rs 79,300 per 10 grams in the bullion market of the capital Delhi. All India Bullion Association has given this information. Let us tell you that on Wednesday, gold of 99.9 percent purity had fallen and closed at Rs 77,900 per 10 grams.
Gold of 99.5 percent purity also became expensive
However, on Thursday, silver remained stable at Rs 93,000 per kg. Along with gold of 99.9 percent purity, today a huge increase of Rs 1400 has been recorded in the price of gold of 99.5 percent purity, after which its price reached Rs 78,900 per 10 grams. On Wednesday, gold of 99.5 percent purity fell and closed at Rs 77,500 per 10 grams.
Gold became costlier on Comex also
Jatin Trivedi, Vice President (Research Analyst Commodity and Currency), LKP Securities, said, “Geopolitical tensions have once again increased the demand for gold as a safe haven investment option. Along with this, new concerns over nuclear risks have also arisen in the Russia-Ukraine conflict, which has led to a surge in gold prices. Jatin Trivedi said that the uncertainty around this situation is supporting the bullish trend for gold. Is. Globally, Comex gold futures rose by $ 19.80 an ounce to reach $ 2,695.40 an ounce.
Why did the price of gold suddenly rise so much?
Saumil Gandhi, Senior Analyst (Commodity), HDFC Securities, said, “Gold has gained momentum as investors returned to safe investments after the crisis between Russia and Ukraine increased.” Recently, after the attack by long-range missiles made in America, Ukraine has deployed missiles made in Britain in Russian territory.'' Silver also increased by 0.29 percent to $ 31.53 an ounce in the Asian market.
Image Credit: India-Tv.