The big impact of the agreement on India-US trade agreement and reduction in tariff by 18 percent is now visible on the commodity market along with the stock market. After falling continuously in the last five trading days, a rise in the prices of gold and silver has been recorded today. A rise of around Rs 8,246 was seen in gold prices. At the same time, the price of silver increased by 14.28 percent to Rs 33,732. In such a situation, now the latest price of gold has reached Rs 1,49,939 per 10 grams, while silver has reached Rs 2,69,993 per kg.
A huge decline was recorded
Earlier on Monday (02 February), according to the All India Bullion Association, a huge fall in the prices of gold and silver was recorded. There was a big fall in silver prices for the third consecutive day and it fell by Rs 52,000 to Rs 2.60 lakh per kg. In the last three sessions, silver had fallen nearly 36 percent from its January 29 high. At the same time, the price of gold of 99.9 percent purity also fell by Rs 12,800 to Rs 1,52,700 per 10 grams.
Also read- The Bonus Market Update: Rise in Sensex-Nifty in early trade, impact of trade deal between US-India
Price of gold and silver in international market
There was a strong rise in the prices of gold and silver in the international market also. During Tuesday morning trading on Comex, gold rose by about $ 137, or about 3 percent, to $ 4,789 an ounce. An even sharper rise was seen in silver, which was seen trading beyond the level of $ 81 an ounce with an increase of 5.81 percent or about $ 4.4.
