Gold Price Today: On Monday (7 April), gold and silver were trading with gains in the domestic futures market. There was a strong rise of up to Rs 1500 in silver.
Gold Price Today: Amid the historic decline in the equity market, gold and silver prices are rising. On Monday (7 April), gold and silver were trading with gains in the domestic futures market. There was a strong rise of up to Rs 1500 in silver. In the morning, gold was trading around Rs 88,199 with a gain of Rs 124 on MCX, which closed at Rs 88,075 on Friday. During this time, silver was trading at Rs 88,490 with a gain of Rs 1279. Earlier, it also went to the price of Rs 88,776 with a gain of Rs 1565. Silver closed at Rs 87,211 on MCX on Friday.
How is the outlook on the jewelry sector?
The Trump government in the US announced reciprocal tariffs, after which a lot of fluctuations are being seen in the foreign market along with India. There are many sectors and industries which are reviewing this tariff, with which further work will be carried forward on this,
On such an occasion, what will be the effect of the Trump tariff on the jewelry sector, what will be the demand and how will be the demand for gold in the upcoming festive season, on this, MD and CEO of World Gold Council India Sachin Jain said that “There will not be much effect of the imposition of tariff. Other countries have higher tariffs than us, it is an opportunity to change from disaster, businesses will grow in India. Price volatility will continue for some time. There will be an increase in demand. There may be a boom in the market on the occasion of Akshaya Tritiya. There are a lot of expectations from the wedding season. Sector outlook is positive.”
What are the rates of gold and silver in the bullion market?
Amid weak trend in international markets, the five-day rally in gold came to a halt and on Friday, the price of gold in the bullion market of the national capital fell by Rs 1,350 to Rs 93,000 per 10 grams. On Thursday, gold of 99.9 percent purity strengthened by Rs 200 to reach a new high of Rs 94,350 per 10 grams. After five days of rise, gold of 99.5 percent purity fell by Rs 1,350 to Rs 92,550 per 10 grams, which closed at Rs 93,900 per 10 grams on Thursday.
The price of silver also fell by Rs 5,000, which is the biggest fall in four months. Its price remained at Rs 95,500 per kg. In the last trading session, silver closed at Rs 1,00,500 per kg.
Most Read Articles:
- EPF Salary Limit: Good news for EPF account holders! Salary limit will increase up to 21000? know details here immediately
- LIC issued new order: Big news! LIC has released important information for all policyholders, Know quickly, otherwise it will be difficult
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
