New Delhi: The demand for gold in the global market has increased due to the weakening of the dollar. This led to an increase in gold prices in markets outside of us. A slight decrease in bond yield has also led to a rise in gold prices. 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 declining bond yields, but investment in gold is also declining as the US services sector results are better. Meanwhile, the domestic market in India has recorded an increase in the prices of gold and silver. Gold rose 0.35 percent to Rs 45,503 per ten gram in MCX, while silver rose 0.6 percent to Rs 64,943 per ten gram. Gold and silver declined by 0.15 and 0.9 percent respectively in the previous trading session. In the last one month, gold has been trading between Rs 45,700 and Rs 44,100.
On Tuesday, gold prices rose in the market of Delhi. Gold rose 0.40 percent to Rs 45,530 per 10 grams on Tuesday. In August 2020, the price of gold in Delhi bullion market was Rs 57,008 per 10 grams. It is the all-time high of gold. In the spot market, gold prices have now fallen by 22 percent. In fact, after new cases of corona infection, gold and silver prices are seen to rise. Investors are increasing investment in gold as a safe investment.