Gold price holds decline, tracking movements in the dollar and bond yields, with investors weighing the latest insights into the Federal Reserve’s stance on monetary policy and inflation risks.
Why Gold Prices are Rising: – Western investors piling into gold in the pandemic are more than making up for a collapse in demand for physical metal from traditional retail buyers in China and India, helping push prices to an eight-year high.
Gold prices rose by Rs 239 to Rs 49,058 per 10 gram in the national capital gained on Friday amid recovery in international prices of the precious metal.
Gold Pani Pani, Chart Bolta Hai. MCX Gold Aaj 800 Point Down Hai, Jisko Book Karna Hai Karo.
Gold prices in India extended their decline to the third day, in tandem with a drop in global rates as risk sentiment improved. On MCX, June gold futures were down 0.55% to ₹46,068 per 10 gram.
Spot gold price rose 0.1 per cent to $1,709.73 per ounce by 0126 GMT (10:30 am in India). US gold futures climbed 0.2 per cent to $1,726.50 per ounce.