mcx gold

[ad_1] Gold prices in India continued to sparkle throughout the fiscal year 2023-2024, propelled by escalating geopolitical tensions globally. The yellow metal exhibited significant volatility, primarily influenced by decelerating growth in advanced economies and the monetary tightening policies pursued by global central banks in response to elevated inflation levels. During FY24, the price of MCX gold surged over 12%, climbing from approximately ₹59,400 per 10 grams at the year’s…

[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 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…