There has been a jump in the prices of gold and silver on Wednesday. This jump has come amid weakness in the dollar and uncertainty over Trump tariffs.
Gold Silver Price Today: Gold prices have risen in the domestic market on Wednesday. This increase has happened due to positive global signals and weakness in the US dollar. Along with gold, silver prices have also increased.
In today’s early trade, gold with expiry on August 5 was trading at Rs 97,400 per 10 grams with an increase of 0.19 percent on the Multi Commodity Exchange (MCX), while the price of silver was up 0.20 percent at Rs 1,11,705 per kg.
Prices increased due to this
In fact, investors are waiting for the US Producer Price Index (PPI) to be released today i.e. Wednesday for more information about inflation trends. Government data shows that yesterday i.e. July 15, US inflation in June reached its highest level since February due to President Donald Trump’s tariff policy.
The full effect of Trump tariff is yet to be seen
On Tuesday, the Labor Department said that in June, consumer prices rose 2.7 percent on an annual basis, while there was a month-on-month increase of 0.3 percent. Whereas, last month it was 0.1 percent. It is expected that the full effect of Trump tariff will be seen at the end of this year. Looking at the inflation data of June, it is expected that the Federal Reserve will not cut rates soon.
Know the latest rate of your city
On Wednesday, the price of 24 carat gold in Delhi is Rs 99,430 per 10 grams, while the price of 22 carat gold is Rs 91150 per 10 grams. At the same time, the price of pure gold in Mumbai today is Rs 99280 per 10 grams, while the price of 22 carat gold is Rs 91,000 per 10 grams.
Apart from this, the price of 24 carat gold in Jaipur on Wednesday is Rs 99,430 per 10 grams, while the price of 22 carat gold is Rs 91,150 per 10 grams. If we talk about 24 carat gold in Chennai, today its price is Rs 99,280 per 10 grams, while the price of 22 carat gold is Rs 91,000 per 10 grams.
