NEW DELHI: On Tuesday, Gold prices held steady as investors looked to see if US President Donald Trump would be able to enact promised tax cuts and infrastructure spending, with the dollar drifting from multi-month lows in the previous session.
Chart of Gold Rate this month:
|
Date |
Gold Rate(per 10 gram) |
|
27/3/2017 |
28807 |
|
24/3/2017 |
28793 |
|
23/3/2017 |
28800 |
|
22/3/2017 |
28885 |
|
21/3/2017 |
28851 |
|
20/3/2017 |
28505 |
|
18/3/2017 |
28509 |
|
16/3/2017 |
28411 |
|
15/3/2017 |
27985 |
|
14/3/2017 |
28076 |
|
09/3/2017 |
28446 |
|
08/3/2017 |
28629 |
|
07/3/2017 |
28751 |
|
06/3/2017 |
29127 |
|
05/3/2017 |
28945 |
Gold and silver on the Multi Commodity Exchange were trading almost flat in the morning deals on Tuesday because investors looked to see if US President Donald Trump will be able to pass promised tax cuts and infrastructure spending, taking the dollar off multi-month lows. The Gold was trading 0.05 per cent, or Rs 15, down at Rs 28,792 per 10 gram, while the Silver was trading 0.21 per cent, or Rs 88, down at Rs 42,034 per 1 kg.
On Monday, the yellow metal rose more than 1% to touch a one-month peak as the dollar plunged and equities fell after U.S. President Donald Trump suffered a setback on healthcare reform, raising doubts about his ability to steer the economic agenda.
According to a global industry body – World Gold Council that In India, the demand of the Gold is expected to revive in the year 2017 after touching to seven-year lows in 2016
If an investor invested Rs 1 lakh in gold a decade ago (January 1, 2007) is worth nearly Rs 3.5 Lakh today. None of the other four assets has trebled in value during this period.
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