Gold Price Today: In the international market, there are signs of softening before the US inflation data and the decision on interest rates by the US Federal Reserve. The Indian futures markets are also fully demonstrating this.
Gold Price Today: The rapid rally that was seen in the bullion market in the last few weeks seems to be calming down. Gold is especially witnessing sluggish trading. In the international market, there are signs of softening before the US inflation data and the decision on interest rates by the US Federal Reserve. The Indian futures markets are also fully demonstrating this. On Wednesday (June 12), gold was trading at 71,488 on MCX with almost no change as compared to yesterday’s closing of 71,490.
However, silver was registering a rise. Silver was trading at 89,030 with a gain of Rs 367. Yesterday it closed at 88,663. By the way, while silver had reached above 96,600 last week, now it has come below 90,000.
How is the atmosphere in the global market?
As we told, there is a slight softening in gold before the inflation data and interest rates. However, spot gold on Comex was up 0.1% at $2,312.70 an ounce, while in the futures market it remained unchanged at $2,326.60. The Fed meeting may give indications about the timing of the interest rate cut.
Gold rose on Comex on Tuesday as traders bought to meet their shortfall ahead of the results of the US Federal Reserve meeting and US inflation data. This meeting may give new indications about the timing of the interest rate cut. However, silver was trading at $29.20 an ounce. In the last trading session, it closed at $ 29.50 per ounce
What are the current gold-silver prices in the bullion market?
On Tuesday, gold prices in the bullion market rose by Rs 150 to Rs 71,950 per 10 grams in the national capital’s bullion market on Tuesday. On Monday, gold closed at Rs 71,800 per 10 grams. However, silver was on a big decline here. The price of silver fell by Rs 1,400 to Rs 90,700 per kg. In the last session, it closed at Rs 92,100 per kg.
