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Traders will also take more cues from the first reading of US GDP for the first quarter on Thursday and the Personal Consumption Expenditures (PCE) price index data
Gold and silver prices rebounded sharply on Monday after three sessions of decline. Gold rose by Rs 220 to Rs 72,820 per 10 grams, driven by strong overseas trends and Middle East tensions. Silver increased by Rs 1,050 to Rs 92,850 per kg. Spot gold at Comex traded at USD 2,344 per ounce, supported by a softer US dollar. Despite US and UK market closures, volatility remains high due to upcoming inflation data from Germany, the Eurozone, and the US. On the Multi Commodity Exchange, gold futures rose by Rs 462 to Rs 71,718, and silver futures increased by Rs 1,527 to Rs 92,075.
Prior to this, Jayaram had a long stint with Kotak group for about 26 years, where he played a key role in establishing and growing multiple business verticals.
Gold Rate Today: Check gold prices in different cities on May 24, 2024 in Rs/10 grams
Gold Rate Today: Check gold prices in different cities on May 23, 2024 in Rs/10 grams