Gold Rate Today, April 28: Gold Prices Drop INR 1,000 to INR 98,400/10 gm Amid US-China Trade Deal Optimism
Gold prices declined Rs 1,000 to Rs 98,400 per 10 grams in the national capital on Monday amid weak global trend, according to the All India Sarafa Association.
New Delhi, April 28:슬롯 머신 사이트 추천슬롯 머신 사이트 추천Gold prices declined Rs 1,000 to Rs 98,400 per 10 grams in the national capital on Monday amid weak global trend, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 99,400 per 10 grams on Thursday. Gold of 99.5 per cent purity depreciated Rs 1,000 to Rs 97,900 per 10 grams against the previous close of Rs 98,900 per 10 grams.
"Gold prices continued to decline as easing US-China trade tensions boosted investors' risk appetite, reducing demand for safe-haven assets like bullion while a stronger dollar added downward pressure on gold," Abans Financial Services' Chief슬롯 머신 사이트 추천 Executive Officer Chintan Mehta said. On Friday, China announced it would exempt some US imports from its steep 125 per cent tariffs, though it denied that any formal trade talks were underway. Akshaya Tritiya 2025: Silver, Digital Gold, Real Estate and More, Interesting Investments and Things To Buy on the Auspicious Hindu Festival of Akha Teej.
Meanwhile, the US Federal Reserve officials signalled that they see no immediate need to adjust monetary policy, choosing instead to monitor the economic impact of the Trump administration's tariffs. This hawkish stance suggests that intere st rate cuts may not materialise in the near term, further weighing on gold, which typically loses appeal as a non-yielding asset when interest rate s stay elevated. Mehta further said, "Rising geopolitical tensions could limit gold's downside. As war risks escalate and new conflicts emerge, investors are likely to seek refuge in gold."
"With tensions brewing among major powers, and regional strains like the growing friction between India and Pakistan, demand for gold as a safe-haven asset is expected to rise, making it a preferred hedge against market volatility and uncertainty," he added. The local bullion markets were closed on Friday due to traders' protest against the terror attack in Jammu and Kashmir's Pahalgam. Additionally, silver prices also plunged Rs 1,400 to Rs 98,500 per kg on Monday. The white metal had settled at Rs 99,900 per kg in the previous session.
On the global front, spot gold fell nearly 1 per cent to trade at USD 3,291.04 per ounce. "Gold traded weak amid the US opening tariff talks with multiple nations and growing expectations of a possible China-US trade agreement according to US President Donald Trump. Additionally, optimism around a potential Russia-Ukraine peace deal further weighed on safe-haven demand for gold," Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, said. Gold Rate Today, April 28: Ahead of Akshaya Tritiya 2025, Check 22, 24 Carat Gold Prices in Mumbai, Delhi, Bengaluru, Chennai and Other Metro Cities.
Spot silver in the Asian market hours traded 0.2 per cent lower at USD 33.05 per ounce.슬롯 머신 사이트 추천 According to HDFC Securities' Senior Analyst of Commodities Saumil Gandhi said this week traders expect the spotlight will be mostly on tariff-related developments. O n the macroeconomic front, US data release such as manufacturing PMI data for April, GDP data, and, most importantly, US non-farm payrolls and unemployment rates will impact the bullion market, Gandhi said.