Gold remained in a strong uptrend on Tuesday after hitting lifetime highs on MCX and in the international markets on Monday. Street’s expectations of interest rate cut next year is firing-up the prices. This has dented Dollar’s prospects and aiding the yellow metal prices. MCX February gold futures were trading at Rs 62635 at the … Read more
MCX Gold futures hit their lifetime high on Wednesday as a weaker dollar aided the cause of the yellow metal in the international markets. February future contract scaled an all-time high of Rs 62,934 on the intraday basis. The dollar index is currently trading at three month lows and has slipped below 103 mark. On … Read more
Gold and silver futures traded weak on the MCX on Monday amid lack of positive triggers. On the Comex, the yellow metal traded flat hovering near three-week lows as the Street awaits US inflation data for more cues on the interest rate trajectory from the US Federal Reserve. The December gold futures were trading at … Read more
Chair Jerome Powell’s statement that the US Federal Reserve will not hesitate to raise interest rates further, if necessary, to achieve its 2% inflation target, took some sheen out of the yellow metal on Friday as bullion traded in the red in the early trade. At 9:30 am, MCX December gold futures were trading at … Read more
Gold prices fell on Thursday as investors preferred booking profit in the absence of triggers for bullion. The prices in gold and silver declined despite a weak dollar index (DXY). MCX December gold futures were trading at Rs 59,901 per 10 gram, up by Rs 108 or 0.18% from the Thursday closing price. Meanwhile, the … Read more