Gold Rates- MCX gold inches higher on expectation that Fed’s hawkish stance may end in near future; support seen at Rs 59940-59770, resistance at Rs 60250- 60430
Gold Price Today, Gold Price Outlook, Gold Price Forecast: MCX gold prices are trading higher on Thursday, while Silver rates traded flat. On the Multi Commodity Exchange, gold December futures were trading at Rs 60,213 per gram, up Rs 102 or 0.17%. Silver December futures are trading flat at Rs 72,350 per kg, down merely 0.03% on the MCX.
Gold prices inched higher on Thursday, buoyed by expectations that the Federal Reserve has come to the end of its tightening cycle, although a rebound in the US dollar kept gains in check, reported Reuters. Spot gold gained 0.1% to $1,961.81 per ounce. US gold futures were flat at $1,964.60.
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