Gold price jumps from seven-month low after ease in US dollar, bond yield and crude oil rate
Gold rate today: On account of ease in fear of US Fed rate hike, US dollar (USD) and US bond yield cooled down from record high levels in the week gone by. This helped gold prices rebound from seven-month low.
Gold future contract on Multi Commodity Exchange (MCX) for December 2023 expiry ended on Friday at ₹56,898 per 10 gm levels. In international commodity market, spot gold price finished at $1,832.50 per ounce levels after inching close to its support range of $1,800 to $1,800 per ounce in first half of the week gone by.
This rebound in the yellow metal price has triggered a buzz about gold prices bottoming out at around $1,810 levels and it is getting ready for fresh bull trend ahead of the festival season in domestic and international market. "Exciting news! Mint is now on WhatsApp Channels
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