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Gold Set to Cross ₹1L Mark on Weak Dollar
April 22, 2025
|The New Indian Express Tadepalligudem
Surge in yellow metal is on the back of weakening dollar and global uncertainties over Trump's imposition of tariffs
WITH the international gold prices crossing $3,400/ounce-mark on Monday, the domestic prices are likely to cross the psychological mark of ₹1,00,000/10 grams on Tuesday as dollar continued to face headwinds.
The greenback was at a three-year low on Monday against the key other currencies amid escalation in tariff war. In Delhi, the yellow metal rose to ₹99,800 (24 carat) on Monday.
At 4:15 pm, Monday, the safe haven metal was trading at $3,415/ounce (an ounce is 28.35 grams) on the Chicago Mercantile Exchange, which is 2.7% higher than the previous close. This means that the metal will open for trade on Tuesday well-above the psychological mark of ₹1,00,000/10 grams or to be precise at ₹1,03,293.
هذه القصة من طبعة April 22, 2025 من The New Indian Express Tadepalligudem.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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