Gold prices firm up amid rising Iran-Israel tensions
Gold futures, maturing on June 5, 2024, stood at Rs 72,813 per 10 grams on the MCX, up Rs 536 or 0.74 per cent from the previous day’s close of Rs 72,277.
Gold futures, maturing on June 5, 2024, stood at Rs 72,813 per 10 grams on the MCX, up Rs 536 or 0.74 per cent from the previous day’s close of Rs 72,277.
The risk on trade in global markets is witnessing a huge rally in equities as well as gold.
The price of gold went up on MCX on Wednesday with gold for June 5 delivery traded 0.44 per cent higher at Rs 71,652 per 10 grams at around 11:30 a.m.
In a display of sheer determination and skill, Malaysia dominated the proceedings, clinching an impressive five gold medals along with two silver and one bronze.
With the consecration, there are multiple investment avenues opened for the citizens.
The forex kitty declined by USD 2.10 billion to USD 619.365 billion for the week to August 13 due to a fall in the core currency assets and gold
Looking ahead, the World Gold Council report said that central banks will need to balance financial and geopolitical uncertainty with a potentially strong pickup in global growth.
In the international market, gold was trading lower at USD 1,893 per ounce and silver was flat at USD 27.79 per ounce.
The April contract of gold futures on the MCX was at Rs 44,458 per 10 gram.
It noted with regard to valuable articles that “it was of no use to keep such articles in police custody for years till the trial was over”.