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Gold continues to payment from its presumption arsenic a harmless haven, driven by persistent geopolitical uncertainties. (AI image)
Gold complaint today: Prices of Gold futures surged to unprecedented levels, reaching Rs 1.11 lakh per 10 grams with an summation of Rs 799 successful home futures trading connected Monday. This upward question aligned with planetary trends arsenic marketplace participants awaited important US ostentation information and statements from Federal Reserve officials for aboriginal argumentation direction.The December transportation golden futures connected Multi Commodity Exchange (MCX) recorded a emergence of Rs 799, equivalent to 0.72 per cent, establishing a caller grounds astatine Rs 1,11,750 per 10 grams.Gold continues to payment from its presumption arsenic a harmless haven, driven by persistent geopolitical uncertainties and worries astir the economical consequences of President Donald Trump's tariff policies. Additionally, beardown cardinal slope purchases and accordant ETF inflows person bolstered its position.
Gold, Silver Prices Touch Lifetime Highs
"Gold prices edged up to hover adjacent grounds levels, arsenic investors looked up to cardinal US ostentation information and comments from respective Federal Reserve officials this week for further argumentation guidance," said Jigar Trivedi, Senior Research Analyst astatine Reliance Securities, according to a PTI report.The October transportation contracts, which saw higher trading volumes, accrued by Rs 761 oregon 0.69 per cent to Rs 1,10,608 per 10 grams.
The erstwhile week had witnessed these futures reaching a caller precocious of Rs 1,10,666 per 10 grams.Silver futures besides demonstrated important growth, mounting caller records. The March transportation contracts for the achromatic metallic accrued by Rs 2,446 oregon 1.86 per cent, reaching an unprecedented Rs 1,33,582 per kilogram.The metallic futures for December transportation experienced a important emergence of Rs 2,473 (1.9 per cent), reaching a caller grounds of Rs 1,32,311 per kg connected the MCX.Market analysts noted that the diminution successful rupee worth and the lacklustre show of home equity markets provided further enactment to precious metallic prices.In planetary markets, golden futures showed an summation of $26.82 (0.72 per cent) to $3,732.62 per ounce, pursuing its historical highest of $3,744 per ounce achieved successful the erstwhile week.The US Federal Reserve implemented its archetypal complaint simplification of the twelvemonth past week, indicating further cuts successful the upcoming play arsenic employment figures amusement signs of weakness."Markets presently connote 2 much reductions this year, 1 successful October and different successful December, with expectations of continued monetary argumentation easing providing a large boost to bullion's 40 per cent surge truthful acold this year," Trivedi said.In the futures market, metallic for December transportation registered a 2.17 per cent increase, reaching USD 43.88 per ounce."Silver has been carving retired a much assertive trajectory than gold, driven by concern flows, star sheet request and concern usage successful electrical vehicles, 5G infrastructure and artillery storage," said Riya Singh, Research Analyst, Commodities and Currency, Emkay Global Financial Services.The constricted maturation successful proviso has near the marketplace susceptible to disruptions, according to her observations.According to Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, home metallic prices could perchance scope Rs 1,40,000-1,50,000 per kilogram connected the commodities exchange.(Disclaimer: Recommendations and views connected the banal marketplace and different plus classes fixed by experts are their own. These opinions bash not correspond the views of The Times of India)
