Chinese gold speculators push SHFE Gold to record highs, while Western funds hold back. Learn about the current gold market trends and what’s next for prices.
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Gold rate today jumps on safe-haven demand, Israel-Iran war in focus
Gold Rate Today: Amid rising tension in the Israel-Iran war, gold prices today witnessed some value buying in the early morning deals. In the early morning session on Friday, the yellow metal remains a safe haven for investors amid rising tension in the Middle East due to the Iran-Israel war. On the Multi Commodity Exchange (MCX), the gold futures contract for December 2024 expiry opened with an upside gap at ₹76,302 per 10 gm and touched an intraday high of ₹76,444 mark within a few minutes of the commodity market opening.