Gold rate today: Following the bounce back in the US dollar index after the revision in the US GDP data, gold prices witnessed some profit-booking on the weekend sessions. Spot gold price retraced from its all-time high of $2,531 per ounce and closed around $2,503 per ounce. On the Multi Commodity Exchange (MCX), gold rate … Read more
Gold rate today witnessed selling pressure as investors await the release of the US inflation data on Friday. Gold futures contract on the Multi Commodity Exchange (MCX) for August 2024 expiry opened downside at ₹71,422 per 10 gm and intraday low of ₹71,402. However, the MCX gold rate witnessed some buying at the lower level … Read more
The minutes showed Fed officials are convinced it would take longer than previously expected to gain confidence that inflation was moving sustainably towards the Fed’s target of 2 per cent. Also Read: US Federal Reserve minutes show officials rally around higher-for-longer rates MCX Gold traded lacklustre in the morning on Friday, May 24, tracking weak … Read more
Gold rate today: Following the US Fed rate cut buzz after the US CPI data meeting the market estimates, gold price today opened upside in the early morning session. Extending the rally for yet another session, gold futures contract on the Multi Commodity Exchange (MCX) for June 2024 expiry opened upside at ₹73,128 per 10 … Read more
Silver prices were around ₹69,000-odd levels in the last week of February; they are trading near the ₹81,000-odd levels now. The recent rise in silver prices could be attributed to various factors, including geopolitical tensions, global economic uncertainty, rate-cut hopes and industrial demand. “The increase in silver prices can be attributed to global concerns, including … Read more
Gold prices were steady on Wednesday led by safe-haven demand amid the Middle East conflict partially offseting pressure from higher US Treasury yields. Spot gold price was at $2,383.29 per ounce, while US gold futures fell 0.3% to $2,399.60 per ounce. Spot silver rose 0.3% to $28.17 per ounce. MCX gold rate ended marginally lower … Read more
Gold rate today: On account of three US Fed rate cut buzz in 2024, gold price extended its Wednesday evening rally on Thursday morning deals. Gold futures contract on the Multi Commodity Exchange (MCX) for the April 2024 expiry opened higher at ₹66,100 per 10 gm and went on touch an intraday high of ₹66,778 … Read more
Amid correction in the bullion metal prices, after hotter-than-expected US inflation and PPI print, the stock market and decentralized digital currency market have also fallen under the bears’ grip. Anuj Gupta, Head — Commodity & Currency at HDFC Securities talks to Asit Manohar of Mint and unveils triggers that may lend support to the falling … Read more