Gold Price Today: Gold prices dip by Rs 1,200/10 gm in 1 week, silver down by Rs 3,800/kg
[hfe_template id='11223']
[ad_1]
Gold December futures contracts at MCX opened flat today at Rs 75,063 per 10 gram, which is up by 0.17% or Rs 129 while silver December futures contracts were trading at Rs 89,157/kg, up by 0.32% or Rs 285. Gold prices have been witnessing some profit booking in the last few sessions. In the last one week, gold prices witnessed a decline of Rs 1,200/10 gram while silver prices were down by Rs 3,800/kg in the same time. Gold prices declined, marking their sixth consecutive day of losses as traders focused on the upcoming US CPI data for further direction on inflation and Federal Reserve policy. Gold December futures contract settled at Rs74,934 per 10 grams with a loss of 0.30% while silver December futures contract settled at Rs88,872 per kilogram with a gain of 0.16%. The Fed's September Meeting Minutes revealed most officials supported a 50-basis-point rate cut, though some preferred a smaller 25 bps cut. Following this, the CME Fed...