Gold slips 1% to touch one-week low ahead of Fed meeting, silver dips 2.6%
As of 09:18 a.m. ET (1318 GMT), spot gold was down by 1.3% to $2,304.69 per ounce, while U.S. gold futures witnessed a drop of 1.8% to $2,315.60.
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As of 09:18 a.m. ET (1318 GMT), spot gold was down by 1.3% to $2,304.69 per ounce, while U.S. gold futures witnessed a drop of 1.8% to $2,315.60.
MCX gold futures for June expiry is down 0.23 per cent for 10 gram to 71,337.00 while MCX silver futures for July contract is down 82,288.00 for 1 kg.
Spot gold experienced a 0.2% drop, reaching $2,333.29 per ounce. Similarly, U.S. gold futures showed a decrease of 0.1%, settling at $2,344.60.
Gold Price Today 23 April 2024: Both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Tuesday. Check the latest city-wise prices here.
Gold faced downward pressure as the main indexes of Wall Street began on a higher note, thereby reducing the demand for the safe-haven and non-interest-bearing asset.