look news india
Despite the ongoing tension in the Middle East, the bullion market is not gaining momentum due to lack of global demand and cautious attitude of traders and investors.
On the other hand, prices remained stable on Thursday as there was no demand at upper levels even domestically. Silver prices recovered slowly on hopes of increased industrial demand. Silver in Ahmedabad Rs. 1,000 to Rs. 91,000 per kg. 24 carat gold per 10 grams Rs. Rs 78,200 and 22 carat gold. The price was fixed at Rs 78,000 per 10 grams. In global markets, gold rose to $ 2,648 an ounce. Silver remained at $ 31.52 per ounce. According to commodity analysts, gold prices are now trading in a tight range after trading higher due to geopolitical tensions in the Middle East. Traders and investors are turning to upcoming speeches from Federal Reserve policymakers and economic data for new guidance amid escalating conflict between Israel and Iran. In futures, Szrath Gold's December futures were priced at Rs. Down from Rs 341. 76,390 per 10 grams. Szrath Silver December Futures Rs. 310 to Rs. 91,375 per kg. On Thursday evening, gold was trading flat on Comex at $ 2,668.70 an ounce. On Comex, gold was down 14 cents at $31.78 an ounce.