Page 54 - Multi Commodity Exchange News Today

The steady climb is believed to be supported by the recent retreat in the dollar and speculations of a pause on rate hikes by the US Fed

Gold rate today: On Multi Commodity Exchange, gold futures maturing on October 05, 2023 were trading at Rs, 58,950.

Gold holds great significance in India due to its cultural importance, investment value, and traditional role in weddings and festivals.

The price of gold slightly increased while resisting inflation concerns but is anticipated to finish the week with a decrease.

With the anticipation of a rate hike by the US Federal Reserve, gold faces a considerable threat of further decline

Gold rate today: 22 carat gold is Rs 55,300/10 grams in Chennai. Similarly, Tamil Nadu’s capital city has Rs 60,330 per 10 grams retail price of 24 carat gold.

The Bangladesh Securities and Exchange Commission (BSEC) is finalising a draft of rules regarding the commodity exchange on availing opinions from stakeholders with hopes that the first-ever exchange can be launched within a couple of months. 

Gold investors are feeling the heat with prices dropping to their lowest in a week, owing to the pushing up of the U.S. Treasury yields and the dollar index.

Analysts say traders should book their long positions and take fresh short positions in gold and silver at the given resistance level

At the Multi Commodity Exchange, gold contracts set for delivery in October recorded a Rs 48 increase, equivalent to 0.08 percent, reaching Rs 59,441 per 10 grams.