seach-icon
  • user-img

    Vikshita Vitthal Gujaran in News

    07-Nov-2022 07:46 AM


    thumbnail

    Gold Prices Today: Yellow metal loses shine as dollar gathers strength, experts advise caution

    Gold, gold prices Gold prices retreated in the international markets on Monday from a three-week high scaled in the previous session, as the US dollar regained some ground, making bullion more expensive for overseas buyers.
    At 10.13 am, gold contracts were trading 0.19 percent higher on the Multi-Commodity Exchange (MCX) at Rs 50,961 for 10 grams and silver was down 0.33 percent at Rs 60,338 a kilogram.
    Now focus will be on the December Fed meet.
    Silver has support at Rs 59,480-58,860, while resistance is at Rs 60,980–61,510.
    Jigar Trivedi, Senior Research Analyst - Commodity & Currency at Reliance Securities Comex Gold prices on Monday morning eased toward $1,670 an ounce, retreating from a three-week high reached in the previous session as the dollar rebounded slightly from Friday's slump, making greenback-priced bullion more expensive for buyers holding other currencies.
    (With agency inputs) Disclaimer: The views and investment tips expressed by experts on moneycontrol.com are their own, and not that of the website or its management.

    Source - Money Control
    #gold #goldprice #update