Gold rate today: Following uncertainty in the US economy after the US jobless claim data surged to a three-year high and rising tension in the Israel-Iran war-like situation, the gold price has witnessed strong buying since the early morning session. Gold price today on the Multi Commodity Exchange for the […]
Gold price outlook
According to a report by PTI, speculators trimmed their holdings on Friday, causing the price of gold to drop by ₹39 to ₹71,538 per 10 grams in futures trade. With a trading volume of 7,184 lots, gold futures for June delivery on the MCX closed down by ₹39 at ₹71,538 […]
He advised buying gold as long as prices maintain above ₹68,500 per 10gms, targeting an initial upside of ₹74,000 per 10gms, followed by ₹78,000 per 10gms levels. Conversely, a decisive break below the previous swing low of ₹65,200 per 10gms could disrupt the trend, potentially leading gold to retest the […]
Gold rate today: Following the ease in the Iran-Israel conflict and a dent to the US Fed rate cut buzz in the near term, gold price declined for the second straight week. Gold future contract for June 2024 expiry on the MCX finished at ₹70,677 per 10 gm, logging a […]