Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
Sun, Sep 15, 2019 | Last Updated 12:50 am IST

Menu &Sections

Search

Gold prices crossed Rs 38,000-mark for the first time

Gold prices crossed Rs 38,000-mark for the first time
Gold prices crossed Rs 38,000-mark for the first time
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

According to sources gold prices on Thursday crossed the Rs 38,000-mark for the first time by soaring Rs 550 to hit a fresh high of Rs 38,470 per 10 gram here, as investors continued to prefer the precious metal as a safe-haven asset amid the ongoing US-china trade tensions and over domestic economic concerns. Crossing the Rs 44,000-mark, silver surged Rs 630 to hit Rs 44,300 per kg on increased off take by industrial units and coin makers.

Gold prices crossed Rs 38,000-mark for the first time

Analysts said international gold prices breaching USD 1,500 an ounce on Wednesday for the first time in six years amid growing US-china trade tensions, mainly prompted investors to rush towards gold. Besides, concerns over the domestic economic slowdown also lifted the precious metal's appeal. In its third bi-monthly review of 2019-20, the RBI's Monetary Policy Committee on Wednesday reduced its growth projection for the Indian economy to 6.9 per cent for the current financial year as compared with 7 per cent predicted in June, due to a slowdown in demand and investments.




The yellow metal had raised Rs 1,113 on Wednesday. Sovereign gold on Thursday also raised Rs 700 to Rs 28,500 per eight gram. Silver ready climbed Rs 630 to 44,300 per kg, while weekly-based delivery jumped Rs 745 to Rs 43,730 per kg. Silver coins were in good demand and traded higher by Rs 1,000 at Rs 87,000 for buying and Rs 88,000 for selling of 100 pieces.


Gold prices crossed Rs 38,000-mark for the first time
5/ 5 - (1 votes)
Add To Favourite
More from author
TDP-YSRCP rivalry is the reason behind SVU Inhumane Attack?
What actually happened inside Sri Venkateswara University?
After such an inhumane incident, Is SVU really a good place for Children?
A Physically Challenged Person tormented badly in Sri Venkateswara University?
Gold Prices falls Rs. 74 at Billion Market
Social media is abuzz with speculations about MS Dhoni's retirement
Is Swami Chinmayananad ready for SIT questioning?
PM Modi makes his visit to US from September 21 to 27
HC orders for ex-gratia of Rs.5 Lakh to family of Subhashree
Is Jet Airways insolvency case moving in positive direction?
Will PM Modi accept suggestions given by Manmohan Singh in reviving economy?
MK Stalin asks DMK members not to put hoardings after death of Subhashree
Bengal Durga Pooja organizers reeling due to economic slump
Apple will launch its OTT service from iPhone to iPad, iPod and iMac at Rs 99 a month
Uber & Ola not reason for Auto sales down
Will there be indefinite strike by Bank Unions?
Apply for various posts in North Central Railway Recruitment
What Revanth Reddy thinks about Pawan Kalyan?
Visitors from NASA to visit ISRO
P Chidambaram moved an application to surrender to ED in INX media case
5 Acres of Land gifted to PV Sindhu by AP CM Jagan Mohan Reddy
PM Modi inaugurated Series of Welfare Schemes at Ranchi
UK Work Visa Rule relaxed for Indian students
23 year old techie, run over by tanker after an AIADMK hoarding fell on her
5% Tariff hike on Chinese imports imposed by Trump
DDCA renamed Feroz Shah Kotla stadium
About the author

Nanotechnology Degree Holder. Movie Geek. Crazy about comics and cartoons. Hardcore Cricket Lover. Photoshop Professional