Gold rose on signs of continued low interest rates in the US

- Bullion Bits: Dinesh Parekh

- Rising gold imports to China via Hong Kong: Efforts initiated by miners to increase silver production

Investors and Fed managers in the global market were watching the Fed meeting and the Fed meeting did not consider any new measures to curb inflation and kept the interest rate policy unchanged. Markets and Fed managers and investors expect changes in the new monetary policy of the Fed and the European Central Bank without any change and the Fed will continue to buy ના 150 billion worth of bonds and some countries are adamant in their decision not to raise interest rates on European central banks. However, the decision by the majority not to raise interest rates supported the bull market and boosted gold prices by ૨૫ 4.5 an ounce on Thursday, quoting ૮૨૬ 15 an ounce. In June, gold imports rose to 30.5 tonnes from 31.31 tonnes. Thus, China's total gold imports through Hong Kong in June were recorded at 6.5 tonnes.

The increase in internal unrest in the last days has increased the demand for gold. The fight for vaccines and the fear of pandemics and re-lockdowns will disrupt the global economy and the new Delta variant is frightening everyone. It is to be noted that lower returns on treasury bills and bonds will motivate people and investors to buy gold in an interest-free haven, which will boost the price of gold as demand for gold increases.

Overall, the central bank continues to buy gold, and with oil prices soaring, everyone will buy gold to protect money against the pandemic and to protect against inflation. In addition, speculators are speculating that the long-term debt will be offset by a rise in gold prices to ડો 2,000 an ounce. Overall, silver prices will continue to improve with slower fluctuations and silver will move towards 70 an ounce. On Thursday, gold prices jumped by Rs 200 per ten grams to Rs 200 per ten grams on news of strength in the global market. At that time, the price of Rs 8 per ten grams was quoted in the futures market on Tuesday.

Showroom owners are cool. In many cities of Maharashtra, life was disrupted due to floods and rains. Demand from traders could not come to Mumbai, but global news has forced gold to take a bullish direction. The gap between gold futures and spot gold has increased from Rs 1,100 to Rs 1,200 per ten grams. Gold will grow in the long run, so it is advisable to buy gold at a lower price ... and also buy gold from your own capital, it is not advisable to invest money for gold by taking interest or loan.

MUMBAI: Silver prices rose by Rs 1,200 per kg on news of strengthening global markets. There is a gap of Rs 2,100 per kg between the spot price of silver and the spot price of silver at Rs 500 per kg. Showroom owners are waiting for the Rakshabandhan feast to unfold. Old silver income is almost negligible. In India, the old silver stock has run out and the supply of new silver is dependent on imported silver.