Gold rate today: Before the beginning of the US Fed meeting, gold prices opened flat on Tuesday. Gold futures contract on MCX for February 2024 expiry opened upside at ₹77,090 per 10 gm and touched an intraday high of ₹77,199 per 10 gm within a few minutes of the Opening Bell.
Silver
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Gold prices hit 2-week high, rises to Rs 78,978 per 10 gram ahead of US inflation data
Gold prices surged past Rs 78,978 to a two-week high on Wednesday, driven by rising geopolitical tensions and expectations of a U.S. Federal Reserve rate cut next week, as investors awaited the closely watched U.S. inflation report later in the day.
Gold Futures Rise on Geopolitical Tensions, China Bank Purchases
Gold futures rose on safe-haven demand and central bank buying. Futures rose 0.5% to $2,699.30 per troy ounce.
Spot Silver Gains on China Stimulus Plans
Spot Silver prices traded near $32 per ounce on Tuesday, staying close to one-month highs as Chinese policymakers unveiled plans for additional economic stimulus, boosting the demand outlook in the world’s top metals consumer.
Silver and Copper Exploded As Expected
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Gold Forecast: Prices rise as China buys gold
Spot Gold Forecast: Gold price rallied by a gap of $10 in early trade on Monday, driven by the geopolitical situation and fresh buying demand.
Gold Price Rises to near $2,650 [09-12-2024]
Gold price (Yellow Metal) trades with mild gains around $2,645 during the early Asian session on Monday. The renewed geopolitical tensions in the Middle East and Federal Reserve (Fed) rate cut expectations support the yellow metal. The US Consumer Price Index (CPI) for November will be in the spotlight on Wednesday.