look news india
The dollar weakened as the US Treasury yields reached a 10-year low. Due to this, a bullish trend is being seen in the bullion market on Thursday. After fluctuations in the prices of gold and silver for the last one week, more movement was seen on June 6, especially in silver. Due to improvement in global markets, domestic prices of both precious metals also increased.
Chandni in Ahmedabad increased by Rs. 2,000 to Rs. 94,000 per kg. Along with this, the price of 24 carat gold is Rs. 200. 400 was increased to Rs. 74,800 per 10 grams. Similarly, 22 carat gold rose by Rs. 200. 74,600 per 10 grams. In the global markets, gold fell by $ 27 to $ 2362 an ounce and silver rose by 63 cents to $ 30.30 an ounce.
Analysts said the dollar declined due to weak IPO treasury yields. The dollar fell to a two-month low in the foreign exchange market. As a result, open buying started in the bullion market. Investors are reducing their stakes from bonds and currencies and investing them mainly in bullion. Investors are now eyeing the employment data to be released on Friday. The trend of the bullion market will be decided based on how these figures come.
