Gold price today: After the tariff of US President Donald Trump on all countries of the world, the possibility of recession has started deepening in the coming times. On Wednesday, at the beginning of the trading session, there was a tremendous purchase of gold. On Wednesday, the price of gold opened up to Rs 87,998 at the Multi Commodity Exchange (MCX) on Wednesday and touched the Intrade high level of Rs 88,396 within a few minutes of the opening vine.
Gold futures started rapidly in the international market. The price of gold on COMEX has been trading at around $ 3,021 an ounce. While the price of spot gold reached $ 3,008 an ounce. Talking about this boom in the price of gold today, the commodity and currency head of HDFC Securities, Anuj Gupta, while talking to The Mint, said, “Gold prices have increased today amid fears of economic recession due to the tension of trade war between the US and China. Since gold is considered a safe bet in economic uncertainty, people are investing more on gold.
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