Gold Prices Fall After Touching Record High: 10 Things To Know

Gold Rate Today: Gold prices soar on uptick in spot demand, positive global trends

Gold Rate Today: Gold prices soar on uptick in spot demand, positive global trends

The rates of yellow metal on Monday had touched an all-time high mark of Rs. 38,470.

Spot gold prices rose 0.3 per cent to $1,515.21 per ounce as of 0116 GMT. Moreover, the Hong Kong global airport which is one of the busiest cargo airports was shut down due to thousands of protestors in Hong Kong. Even a slump in the Argentina's markets after the market-friendly President Mauricio Macri lost the Presidential primaries by a much wider-than-expected margin.

These uncertainties add on to the US-China trade war concerns that have been rattling the financial markets for a long time now.

In India, along with the global factors, the fall in rupee's valuation amid deteriorating currencies of emerging economies and the additional customs duty imposed on the metal following Budget 2019, have push the gold prices higher.

Notícias recomendadas

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.