Gold prices grow for the fourth straight day: key things to know

NEW DELHI: Continuing its rising trend for the fourth day, gold prices rose on Friday. 280 to Rs. 34,300 for 10 grams in the semi-product market on a global global trend and increased purchases from goldsmiths, according to the All India Sarafa Association. Silver also followed the suit and advanced for Rs. 40 to Rs. 39,100 per kilogram more than industrial units and coin makers. Precious metal strengthened on the basis of the purchase of local jewelers and a strong trend abroad after gold exceeded $ 1,400 per ounce, analysts say.
“International gold prices have risen above $ 1,400 in early trade, as geopolitical tensions in Iran have increased the risk premium in prices. The decline in the dollar and the fall in US bond yields have supported sharply buying gold in situations like the war. prices for more trade after central banks from the United States, Europe and Australia signaled easing of monetary policy to support the long-term economic situation, “said Tapan Patel, senior analyst – Roba, HDFC Securities.
Gold prices have fallen by 10 percent for 2019 due to economic uncertainty and concerns over a trade war. As the main central banks in the purchase of gold, we can expect the upper range of trading in gold prices in the medium term, he added.
In New York, gold traded more to $ 1,395.18 per ounce, while silver remained stable at $ 15.35 per ounce.
In the national capital, the gold of 99.9 percent and the purity of 99.5 percent increased by Rs. 280 per Rs. 34,300 and Rs. 34,130 for 10 grams. However, sovereign gold kept it stable at Rs. 26,800 per gram. In the last three sessions, gold rose by Rs. 400.

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