Gold Prices: Gold Touches Record High Of ₹68,450 | Mumbai News
Mumbai: Gold prices on Monday surged by Rs 1,850 to hit an all-time high of Rs 68,450 per 10 grams in Mumbai amid a rally in the precious metal in glo.
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Mumbai: Gold prices on Monday surged by Rs 1,850 to hit an all-time high of Rs 68,450 per 10 grams in Mumbai amid a rally in the precious metal in glo.
The US Dollar's strength can also influence gold prices, with a stronger dollar typically leading to a drop in gold prices and vice versa.
Silver opened at Rs 74,779 per kg and hit an intraday low of Rs 74,744 on the MCX. In the international market, the price was around $24.69 per ounce.
The upcoming release of the U.S. core personal consumption expenditure (PCE) price index report, scheduled for Friday, holds significance for investors as it provides insights into the Federal Reserve's policy direction.
Gold traded higher by 300rs around 66300 in MCX as Comex gold found support near 2170$ and rallied to 2195$ with backed up from the FED's dovish statements the gold prices are broadly in positive trend, said Jateen Trivedi, VP Research Analyst, LKP Securities.