Spot gold rose 0.4 per cent to $2,338.67 per ounce as the US dollar index slipped 0.3 per cent, making gold relatively less expensive for other currency holders. US gold futures were up 0.2 per cent to $2,340.40. Bullion hit a record high of $2,449.89 on Monday, but has shed […]
Gold price today
The rally in the previous metal prices has been led by strong fundamentals and geopolitical tensions, and analysts believe MCX silver rate may touch ₹1,00,000 per kg soon. “Silver price has breached $31 level and the next target is set at $34 level. Thus, we believe the silver rate to […]
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 […]
Gold rate on Multi Commodity Exchange (MCX) rose and Silver price jumped above 91,100 level tracking gains in international bullion prices amid interest rate cut hopes. MCX gold rate rose 0.05%, or by ₹39, to ₹73,750 per 10 grams on Friday. The yellow metal made a high of ₹73,782 and […]
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 […]
Despite weaker-than-anticipated U.S. jobs data, gold plummeted to its lowest point in a month on Friday, continuing a correction phase following last month’s impressive surge. Investors opted to cash in profits amidst easing geopolitical tensions. As of 1521 GMT, spot gold witnessed a 0.4% decline, settling at $2,294.30 per ounce, […]