New Delhi: Gold demand in the global market has increased due to the weakness of the dollar. This led to an increase in gold prices in markets outside the Us. Gold prices have also registered a rise due to a slight reduction in bond yields. Gold rose 0.3 percent to $1733.31 an ounce on Tuesday, while gold futures fell 0.4 percent to $1735.10 an ounce.
In fact, investors are adopting gold as a safe investment due to a fall in bond yields, but investment in gold is also declining as US service sector results are better. Meanwhile, the domestic market in India has registered an increase in gold and silver prices. Gold rose 0.35 percent to Rs 45,503 per ten grams in MCX, while silver gained 0.6 percent to Rs 64,943 per ten grams. Gold and silver fell 0.15 and 0.9 percent respectively in the previous trading session. Gold has been trading in the range of Rs 45,700 to Rs 44,100 for the past month.
Gold prices rose in the Delhi market on Tuesday. Gold gained 0.40 percent to Rs 45,530 per 10 grams on Tuesday. In August 2020, the price of gold was trading at Rs 57,008 per 10 grams in Delhi Bullion Market. It's an all-time high of gold. Gold prices have now fallen by 22 percent in the spot market. In fact, after new cases of corona infection, gold and silver prices are seen to rise. Investors are increasing investment in gold as safe investments.
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