Gold rate today: Following the US Fed rate cut buzz on soft US core inflation data, MCX gold rate registered gains during early morning deals on Thursday. Gold futures contract on Multi Commodity Exchange (MCX)m for February 2025 expiry opened flat at ₹78,700 per 10 gm.
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As Expected MCX Copper Hit 834.35 Boom
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Gold prices rise to near one-month high on hopes of interest rate cut
Gold prices were stable on Thursday after hitting their highest levels in more than a month, as softer U.S. core inflation data lifted expectations of interest rate cuts, although news of a ceasefire accord between Israel and Hamas capped further gains.
Copper Set for Strong Weekly Gain
Copper futures rose above $4.29 per pound on Friday and were poised to gain more than 6% for the week, marking the best weekly performance since May of last year, when copper prices surpassed the $5 mark.
MCX Copper futures trade higher on robust Demand
Copper futures traded higher on MCX, on account of enlargement of portfolios by the participants tracking robust demand for electric vehicles and renewable energy technologies. Further, persisting supply disruptions and curtailed inventory positions also encouraged red metal buying.
Aluminium futures trade higher on positive international rates
Aluminium futures traded higher on MCX, in conjunction with positive international rates amidst weaker dollar and firm demand from industrial consumers. Besides, narrowed inventory levels and stringent supplies also triggered upward trend.
Spot silver above $30.50, expected target price $32.00——$32.35
Spot silver: If you want to invest in physical silver, you may be wondering how to get the best possible price. Although prices can vary depending on a number of factors, there are some guidelines that can help ensure you get the best possible price when it comes to buying silver.