Gold prices edged lower on Thursday as investors held back from placing big bets ahead of US non-farm payrolls data that could influence the Federal Reserve’s interest rate trajectory as markets awaited this year’s final policy-setting meeting.
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The Phase of Change in Gold Prices Continues
Gold Silver Rates 20 November 2024: If there is a wedding or any function in the family and you are thinking of buying gold or silver, then first know the latest price of November 20. Today, on Wednesday, there has been a change in the prices of gold and silver again.
Gold prices hit one-month low amid strong US dollar; check latest prices in your city
Gold prices fell for the third day in a row, declining by ₹1,470 per 10 grams in early trade on Wednesday, November 13, due to a stronger US dollar in global markets. The American currency traded near three-month high levels ahead of the key inflation data which could give cues about possible rate cuts by the US Federal Reserve.
Trump’s policies are likely to increase inflation risks
“From last week’s record high, Gold (XAU/USD) had thus fallen by around $140. Selling pressure was caused by a significantly stronger US dollar and a sharp rise in US bond yields. In previous weeks, neither of these factors had been a hindrance for Gold. However, the extent of the USD appreciation and the rise in yields were apparently too strong this time to be ignored by Gold.”
Rise in the prices of gold and silver
Gold edged higher to above $2,629 on Thursday, rebounding from the three-week low of $2,608 from the prior session as markets digested a batch of fresh economic data for insights on the Fed’s policy path in upcoming decisions.
MCX Gold Futures Prices Fall on Weak Demand
New Delhi, India Oct 9, 2024: Gold prices on Wednesday declined Rs 133 to Rs 75,028 per 10 grams in futures trade amid weak global cues.
Israel-Iran war: Gold rate today trades flat as market awaits US Fed minutes
Israel-Iran war: Ahead of the announcement of the US Fed meeting minutes and the US CPI data this week, gold prices opened flat in early morning deals. Gold rate today on the Multi Commodity Exchange (MCX) opened lower at ₹75,851 per 10 gm and touched an intraday high of ₹75,908 per 10 gm within a few minutes of the Opening Bell. In the international market, spot gold prices are quoted at around $2,643 per troy ounce, 0.02% above the previous day’s high.