The Golden Futures of October reached the high of the day of RS 1.01.344 per 10 grams, while the yellow metal prices on the Comex were fluctuating near $ 3,428.40 per Troy Ounce, with $ 28.60 or 0.84% India Time.
“India not only buys huge amounts of Russian oil, they are, for a large part of the oil purchased, which selling on the open market for big profits. They don’t care how many people in Ukraine are killed by the Russian war machine,” Trump said in a function about Truth Social. “That is why I will considerably increase the rate paid by India in the US,” he added.
Anuj Gupta, director of YA Wealth Global Research, said that the sharp peak in the gold prizes in India is mainly due to the action of the day, immediately the rupid is expected to fall strongly to the US dollar on Tuesday when the currency market resumes trade, he said.
While the rates for the trading partners of the US, including India, come into effect from 7 August, the last comments about increasing rates further from the current 25% have caused a hurry to invest the safe haven, Gupta argued.
The golden prizes in India increased by more than RS 24,400 or almost 32% in 2025, Gupta said, and estimate an upward upward. The Indian rupee granted its decline against the US dollar on Monday, which closed the day at 87,6550 until the dollar, compared to Friday exclusion of 87,5400. The INR is under pressure because of persistent foreign outskirts and persistent dollar question from importers, in particular oil companies run by the state. Gupta expects the rupid to slide under 88. He suggested buying MCX Gold on RS 1.00,500 with a stop loss of RS 99,500 and target of RS 1.02,500.
(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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