Bullion Forecast Today: Gold High 50685, Resistance Key 50800

Gold price today: MCX gold price ₹700 away from all-time high. Will it hit new highs amid US inflation concerns?

Bullion Forecast Today: Gold prices recovered sharply from a six-week low as a worsening energy crisis in Europe drove up safe haven demand. Metal price also witnessed gains, after U.S. data showed moderate wage growth in August and a rise in unemployment rate to 3.7% suggested the labour market was starting to loosen.

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Gold Forecast: Gold prices will fall for Today

Gold Rates LIVE: October 1 Prices Across Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Kolkata

Gold Forecast: Gold steadied a bit around $1750 after witnessing a fall in past few sessions. Dollar eased off a 20-year high, offsetting some pressure from expectations of the Fed keeping interest rates higher for longer to combat inflation.

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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. 

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