New Delhi: Gold prices have risen by Rs 100 to Rs 38,770 per 10 grams in the bullion market and silver has risen by Rs 550 to Rs 47,850 per kg in the bullion market abroad. Gold continued to trend globally due to continuing tension between Western countries with Iran in West Asia.
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According to information from London and New York, gold spot rose by $ 3.40 to $ 1,520.35 an ounce. December gold futures were also up by $ 11.30 to $ 1,526.40 an ounce. Market analysts said that tensions between Iran and the United States have deepened since the drone strikes at two Saudi Arabian oil plants. Gold prices are being supported by this.
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Investors are still waiting for more clarity on the trade war between the US and China. Due to this, the spot of gold was limited. Globally, the silver spot also rose by $ 0.44 to $ 18.39 an ounce. Devesh Advocate, Head-Advisory (PCG), HDFC Securities, has said that in line with the strong global trend, gold prices have increased in the local market.