look news india
Global bullion prices witnessed a slow recovery due to geopolitical tensions in the Middle East and uncertainty over the US presidential election.
Due to this, the prices of gold and silver also increased in the local market. Along with this, there was a general increase in festive demand, which supported the increase in prices. 24 carat gold per 10 grams in Ahmedabad is Rs. Rs 500 were increased. 81,500 was done. Similarly, 22 carat gold is priced at Rs. 81,300 per 10 grams. Silver price Rs. 500 to Rs. 97,500 per kg. International spot gold rose $15 to $2,748 an ounce from $2,733. Apart from this, silver increased by 60 cents to reach $34.06 as against $33.46. In futures, the December gold contract on MCX was priced at Rs. 124 to Rs. ₹78,566 per 10 grams. Equivalent silver December futures Rs. 659 to Rs. 97,424 per kilogram. Late Tuesday night on Comex, gold was trading up $7.60 at $2,763.50 an ounce. On Comex, silver was up 29.9 cents at $34.30 an ounce. Bullion analysts said that the American economy is improving. Unemployment figures have also decreased.
However, recent weakness in the dollar index as well as geopolitical tensions in the Middle East have kept investors interested in bullion. As expected, the old selling has resumed after profit booking. Due to which the market has gradually improved. Diwali shopping in India is gradually increasing but due to high prices of gold and silver the purchases are limited. Analysts believe that in the coming days, investors will keep an eye on deals related to the US economy as well as the policies of the central banks of Europe and China.