Gold prices saw an increase today, driven by global factors. Gold’s August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 96,471 per 10 grams on Tuesday, July 1, 2025.
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Federal Reserve is expected to leave the policy rate unchanged for the fourth consecutive meeting
The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP), the so-called dot plot, following the June policy meeting on Wednesday.
Spot Gold, Door Open for $3600—$3800, Need Patience.
Gold’s price broke through an important level at $3,330, which experts call a “symmetrical triangle pattern.” This is a sign that gold might keep going up, continuing a trend that started earlier this year.
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Gold MCX Trading Levels 28690 to 29245
Gold Silver Reports ~ Gold on MCX settled down -0.65% at 28941 dropped tracking weakness from Comex Gold while unable to challenge a recent 13-month high near $1280 as traders booked profits after gains from last week’s dovish interest rate announcement by the Fed. The dollar arrested three weeks of declines after hawkish comments from US Fed officials renewed expectations of US interest rate hikes.