Gold rate today: Gold jewelry price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.
Gold silver futures prices slip on Tuesday, even as analysts believe the recent risk-off sentiment may revive safe-haven bets for bullion. Analysts said the upcoming announcement of further stimulus measures by the newly elected US government may support gold, as a perfect hedge against possible inflation.
Gold price headed for its worst month since late 2016 as a stronger dollar and expectations for improving economies diminish demand for the haven asset.
Gold price today jumped to Rs 52,860 from Rs 52,850, while silver price was trending at Rs 63,900 per kg, according to the MCX MONEY website.
Gold Silver Reports (GSR) – Gold steadied on Wednesday afterRetreating from a 1-month peak in the previous session as Washington and Beijing decided to further their discussionsontrade, soothing investor concerns around a fullblown trade war.