New Delhi: In the bullion market of the national capital on Tuesday, the price of gold increased by Rs 100 to Rs 82,100 per 10 grams. All India Bullion Association gave this information. On Monday, gold had closed at Rs 82,000 per 10 grams. The price of gold of 99.5 percent purity increased by Rs 100 to Rs 81,700 per 10 grams. In the last trading session it had closed at Rs 81,600 per 10 grams. However, the price of silver remained stable at Rs 93,000 per kg on Tuesday.
In global markets, Comex gold futures fell by $ 18.20 an ounce to $ 2,730.50 an ounce. According to commodity experts, gold prices fell during Tuesday's session after touching their highest level since November 6 and are currently trading around $2,725.
Businessmen worried about Trump's tariff policy
US President Trump's comments on tariff rates have raised concerns about a new wave of global trade war. Silver Comex futures also declined by 0.15 percent in the Asian market at $ 31.10 an ounce. Saumil Gandhi, senior analyst of commodities at HDFC Securities, said that although there will be no major economic data from America on Tuesday. But, traders' focus will be on Trump and his next policy steps, which could create more volatility for the bullion market.
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There may be fluctuations in the market
According to Manav Modi, Analyst (Commodity), Motilal Oswal Financial Services Ltd, market participants will also keep an eye on inputs from officials in Davos, which could create volatility in the market. Modi said that apart from this, the US market will reopen after the holidays, due to which there may be volatility in the market.
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