Gold rate today: Yellow metal retraces from record high as US dollar index rebounds from seven-month low. Buy or wait?

Gold rate today: Yellow metal retraces from record high as US dollar index rebounds from seven-month low. Buy or wait?

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 price jumps as US CPI data fuels US Fed rate cut buzz. Will it climb to a new peak as silver price hits new high?

Gold price jumps as US CPI data fuels US Fed rate cut buzz. Will it climb to a new peak as silver price hits new high?

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