Gold and silver prices surge more than 2% and 5% as US Fed set to ease monetary policy in 2024
The US central bank highlighted slowing growth and easing inflation as reasons for the shift in narrative
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The US central bank highlighted slowing growth and easing inflation as reasons for the shift in narrative
Taking cues from the price of yellow metal in the international market, MCX February gold futures were trading at Rs 61,104 around 9:30 am, down Rs 77 or 0.13% from Tuesday's closing price. Meanwhile, the March Silver futures were trading at Rs 71,580 per kg, higher by Rs 282 or 0.39%
Gold futures on the MCX have lost 2.43% or Rs 1,523 per 10 grams on a month-to-date basis. They are up by 11.09% or Rs 6,100 on a year-to-date basis as of Monday, December 11. Meanwhile, silver futures have declined nearly Rs 5,651 or 7.29% in value terms in December while gaining 3.53% or Rs 2,451 on a YTD basis.
Taking cues from the price of yellow metal in the international market, MCX February gold futures were trading at Rs 61,727 at the opening time, up by Rs 8 or 0.01% from Friday's closing price.
After a brief pause, the primary market will be back in full swing this week with two mainboard IPOs and four SME issues planning to raise about Rs 2,500 crore. The two mainstream public offers -- DOMS Industries and India Shelter Finance -- will open for public subscription on December 13 and close on December 15.