Gold Price Today: Yellow metal rises by Rs 830/10 gram on Fed’s dovish tone. What should investors do? - News Summed Up

Gold Price Today: Yellow metal rises by Rs 830/10 gram on Fed’s dovish tone. What should investors do?


(You can now subscribe to our(You can now subscribe to our ETMarkets WhatsApp channelDomestic gold prices jumped by over Rs 830 per 10 gram or 1.2% in evening trade, taking cues from the surge in the international markets. It hit the day’s high of Rs 70,489.Silver futures also moved in tandem riding on the gains in its shinier peer. The September contracts gained by Rs 940 per kg or nearly 1% to hit the day's high of Rs 84.534. He expects the trading range of Rs 69,600 to Rs 70,300 in the immediate term.In July, gold futures prices declined by 2.69% or Rs 1,927 while they are up by 10.21% or Rs 6,452 per 10 gm on the year-to-date basis. As for silver, the white meta fell 4.10% or by Rs 3,571 in the month gone by.


Source: Economic Times August 01, 2024 15:17 UTC



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