Gold prices edged lower on Thursday as investors held back from placing big bets ahead of US non-farm payrolls data that could influence the Federal Reserve’s interest rate trajectory as markets awaited this year’s final policy-setting meeting.
Silver Prices
Gold and Silver prices Today on 29-08-2024: Check latest rates in your city
Gold and Silver Prices Today: Gold prices saw a slight increase on Thursday. The cost of 24 carat gold is Rs.7334.0 per gm up by Rs.71.0. The cost of 22 carat gold is Rs.6717.9 per gm up by Rs.65.0.
Spot Gold Nears All-Time High
Spot Gold climbed above $2,510 an ounce on Thursday, hitting a record high, as prospects of interest rate cuts by the Federal Reserve continued to support the yellow metal while investors awaited fresh cues on the extent of the cuts.
आज सोने की कीमत: पीली धातु में गिरावट; ₹61,800 के स्तर पर समर्थन देखा गया
Gold price today: ताजा ट्रिगर की कमी के बीच अंतरराष्ट्रीय बाजार में नरम रुख को देखते हुए बुधवार को एमसीएक्स पर सोने की कीमतों में मामूली गिरावट आई।
Silver Trades in Narrow Range as Markets Wait for Fed Minutes
Silver prices eased in a tight range on Wednesday as the U.S. dollar firmed and investors positioned for the release of the Federal Reserve’s latest monetary policy meeting minutes later in the day.
Gold Weekly Update : Bullion Trend Sideways, Trading Zone 50800 to 49500
Gold Weekly Update: The CFTC data showed that money managers have decreased their net long positions in gold by 9600 lots in last week. Silver prices traded lower with spot silver prices at COMEX plunged by 4.53% to $18.04 per ounce for the week. MCX Silver December futures declined by 3.91% to Rs 52637 per KG for the week. Silver prices traded down on demand worries over China economic growth and stronger dollar. The CFTC data showed that Money managers have increased their bearish silver bets by 5,425 net-short positions to 21,059 to three year high.
MCX Gold to Trade Sideways: Support at Rs 50300 [29-Aug-2022]
![MCX Gold to Trade Sideways: Support at Rs 50300 [29-Aug-2022]](https://www.goldsilverreports.com/wp-content/uploads/2021/03/jewellers-shop-14032021.webp)
MCX Gold Price Forecast: Commodity prices traded mixed with bullion prices declined for the week witnessing selling in the second half of the week. Base metals ended in green on tight supplies and China stimulus hopes. Crude oil prices traded higher gaining on lower supplies and expectation of OPEC output cut.