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Gold Set to Cross ₹1L Mark on Weak Dollar
The New Indian Express Sambalpur
|April 22, 2025
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.
यह कहानी The New Indian Express Sambalpur के April 22, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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