Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were flat with a positive bias on Tuesday, following global trends. On Multi Commodity Exchange, gold February futures were trading at Rs 48,595 per 10 gram, up Rs 31, as against the previous close of Rs 48,564.
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Gold price rises as investors flock to safe-haven metals, but the window for up-move may close soon
Gold price crossed its resistance of $1840 and Rs 48000 in MCX as investors are flocking to safe-haven metals amid inflation and geopolitical tensions. US labour market is also losing momentum as US weekly jobless claims jumped to 55K. The momentum is expected to continue till the start of the next week after which focus will shift to US FOMC meet.
Gold Prices Set for Second Weekly Advance as Inflation, Yields in Focus
Gold prices headed for a second straight weekly gain as investors sought an inflation hedge amid a retreat in U.S. bond yields and equities.
Union Budget 2022 expectations: Market hopes cut in gold import duty to 4%, capital gain tax rationalisation
Union Budget 2022 expectations: Gold prices in the domestic market have been trading at a marginal discount to international prices partly due to strength in Indian Rupee and partly due to sluggish physical market activity ahead of the budget.
Gold Steady as Investors Weigh Policy Outlook, Omicron Concerns
Gold was steady as investors weighed the outlook for monetary policy against the risks posed by the omicron virus variant to the global economic recovery.
Base Metals Forecast 2022 | Expected Bears May Come Out
Base Metals Forecast 2022: The year 2021 was robust for the base metals complex. After surging in 2020, metal prices continued to rise in 2021 as well.
Gold Rate Today Dip For Second Day in a Row, Silver Prices Drop
Gold rates in India dipped today, extending losses to the second day though the drop was moderate amid firm global rates. On MCX, gold rate today were down 0.04% to ₹48575 per 10 gram while silver fell 0.45% to ₹61,856 per kg. In global markets, gold edged higher to regain $1,800 per ounce levels as concerns over the rapidly spreading Omicron coronavirus variant boosted the metal’s safe-haven appeal.