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The possibility of an escalation of tensions in the Red Sea and updates regarding other geopolitical tensions supported gold prices
According to the CME FedWatch Tool, traders are pricing in a 75% chance of monetary policy easing in March
Meanwhile, silver opened at Rs 74,550 per kg, hit an intraday low of Rs 73,873 on the MCX, and hovered around $23.85 per troy ounce in the international market.
Meanwhile, silver opened at Rs 75,743 per kg, hit an intraday low of Rs 75,632 on the MCX, and hovered around $24.45 per troy ounce in the international market.
Meanwhile, silver opened at Rs 75,231 per kg, hit an intraday low of Rs 75,110 on the MCX, and hovered around $24.40 per troy ounce in the international market.