According to All India Bullion Association, New Delhi, June 4 (PTI) gold prices increased from Rs 260 to Rs 260 per 10 grams in the national capital amidst strong signals in global markets.
The yellow metal of 99.5 percent purity increased by Rs 100 to Rs 98,700 per 10 grams (included all taxes).
Senior analyst of HDFC Securities, Soumil Gandhi said, “Sona showed a minor positive tendency on Wednesday due to economic concerns and geopolitical risks as well as business uncertainties.”
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In addition, silver on Wednesday ralled Rs 1,900 to Rs 1,02,100 per kg (incorporating all taxes). In the last market session, the metal was closed at Rs 1,00,200 per kg.
On the global front, the spot gold USD grew 9.43 per ounce or 0.28 per cent to USD to 3,362.6 per ounce.
In April, central banks added a total of 12 tonnes of gold to the global reserves.
However, the purchase speed has slowed down, 12 percent lower than the previous month.
Even with a decline in purchase, Gandhi said, central banks are likely to continue to add gold to their reserves. PTI HG HG SHW
This report is auto-generated with PTI News Service. ThePrint does not have any responsibility for its content.