Gold Price: Manav Modi, Senior Analyst, Commodity Research, Motilal Oswal Financial Services Ltd, said that investors are waiting for more signals on US interest rates from the Federal Reserve. Due to this, gold prices stabilized in the international market.
Bookmark
Gold slipped from record high in bullion market
Gold Price: This is a great opportunity for those who buy gold. Gold has become cheaper in the bullion market before Diwali. Silver prices have also fallen. In such a situation, if you miss out on buying gold, you will miss a better opportunity. According to the information given by the All India Bullion Association (AIBA), due to fresh selling by stockists and retailers, the price of gold in Delhi's bullion market on Tuesday, October 15, 2024 came down from the record high. It fell by Rs 50 to Rs 78,650 per 10 grams. At the same time, the price of 99.9% pure gold rose by Rs 200 to an all-time high of Rs 78,700 per 10 grams on Monday. The price of silver in the bullion market fell by Rs 1,000 to Rs 92,500 per kg, while last time it closed at Rs 93,500 per kg.
Gold price stable in international marketManav Modi, Senior Analyst, Commodity Research, Motilal Oswal Financial Services Ltd, said that investors are waiting for more signals on US interest rates from the Federal Reserve. Due to this, gold prices stabilized in the international market. He said that persistent concerns about the West Asia conflict also maintained the demand for safe havens. Along with this, the sharp rise in the dollar index and US bond yields is also affecting the prices. He said that this week the main focus will be on US retail sales, IIP and China's GDP data, which will give direction to bullion prices.
Gold became cheaper by Rs 126 in futures tradingAmid weak global cues, the price of gold in futures trading fell by Rs 126 to Rs 75,920 per 10 grams. On the Multi Commodity Exchange (MCX), the price of the contract for delivery in December fell by Rs 126 or 0.17% to Rs 75,920 per 10 grams. 14,443 lots were traded in it. Globally, gold fell by 0.11% to $2,645.69 an ounce in New York.
Silver slipped in the futures marketSilver prices in futures trade fell by Rs 276 to Rs 90,460 per kg as traders reduced the size of their deals amid weak spot demand. The price of silver contracts for delivery in December on MCX fell by Rs 276 or 0.3% to Rs 90,460 per kg. 27,789 lots were traded in it. Globally, silver prices in New York fell by 0.38% to $31.07 an ounce.
You may also like
Jharkhand's Healthcare Crisis: Pregnant Woman Gives Birth Outside Hospital, Sparking Outrage
Typhus: Know All About The Silent Killer That's Spreading Fast
Indian Navy is biggest guarantee of peace in Indian Ocean Region, says Rajnath Singh
Abu Dhabi: Free breast cancer screening announced across multiple locations
Denmark Open: Sindhu enters second round; Treesa-Gayatri, Sumeeth-Sikki exit
How is the Sokudo Acute electric scooter? Know what features it has and what is its range
Marks & Spencer shoppers plead for more colours of 'incredibly comfy and warm' funnel neck jumper
Japan sees record foreign tourist arrivals in September
The secret of bumper mileage and strong handling of Maruti cars is revealed!
Eight shocking celebrity moments caught on camera from TV star's 'refusal to clap' to smooch
Dubai school among world's top 150 private institutions in 2024
Inflation crashes! Now BoE has no excuse and MUST slash interest rates to the bone
Drunk Elephant moisturiser that 'helps with redness' and is 'perfect for winter' hits sale with £20 off
Maruti Baleno's Regal Edition is here to make a splash before Diwali, customers will go crazy on seeing it
Russian general threatens invasion of NATO countries and 'restoration' of Soviet Union
Thomas Tuchel net worth, huge England salary and big financial sacrifice
Celebrity chef Shabir Hussain - dubbed the 'King of Curry' -dies aged 56
Your car will start giving 20 to 30 percent more mileage, just do these important settings while driving
Mumbai's Iconic Rhythm House Located At Kala Ghoda Gets New Owner Under Insolvency Auction
Debenhams' 'easy to wear' and 'flattering' autumn dress is perfect with boots