Gold prices on Wednesday, October 30, rose 0.41 per cent or ₹321 to ₹79,554 per 10 grams of the yellow metal as of 9:06 p.m. (IST), compared to its previous close at ₹79,233 per 10 grams, according to data collected from Multi Commodity Exchange of India (MCX) on Gold Futures contract of December 5, 2024. … Read more
Gold will be able to sustain at higher levels only if the US Federal Reserve cuts rates and the US dollar starts declining against currency majors, said brokerage house Emkay in a recent note. “Gold prices moved up from the $2,050 base, where it was hovering around for a long time, to a new range … 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