MCX gold rate

[ad_1] According to commodity market experts, the gold price rally may continue in FY25 as the US Fed is expected to declare three interest rate cuts in 2024. So, there would be three US Fed rate cuts in the first nine months or say first three quarters of FY 2024-25. They said that geopolitical tension, ease in the US inflation, and US dollar rates are expected to fuel MCX…

[ad_1] Gold prices in India maintained its shine during the financial year 2023-2024 driven by escalating geopolitical crises worldwide. Volatility in the yellow metal prices also remained high led by slowing growth in advanced economies and monetary tightening by global central banks amid high inflation. Gold has historically been viewed as a safe-haven asset as investors tend to flock to it during times of economic uncertainty or geopolitical instability.…

[ad_1] Gold prices continued to surge on Thursday, poised to achieve their most substantial monthly increase in over a year. This surge was fueled by robust safe-haven demand, anticipation of U.S. interest rate cuts, and increased central bank purchases. As of 10:20 a.m. EDT (1420 GMT), spot gold rose by 0.5% to reach $2,204.99 per ounce. This performance puts it on track for its most impressive month since November…

[ad_1] Gold rate today: On account of three interest rate cuts in 2024 by the US Federal Reserve, gold price on the Multi Commodity Exchange (MCX) touched a new high of ₹66,943 per 10 gm last week. However, profit-boking soon triggered and the yellow metal price retraced more than ₹1,000 per gm and ended at ₹65,870 level on Friday. After ending below the ₹66,000 mark, the MCX gold rate…