Gold Rate Today: Yellow metal falls marginally to Rs 78,434/10 grams as market awaits US election outcome
As of 10:00 am, December gold futures were trading at Rs 78,434 per 10 grams on the MCX, down by Rs 73, or 0.09%, from the previous session's closing price. Meanwhile, December silver futures were priced at Rs 93,490 per kg, down Rs 1,158, or 1.22%, at the same time.
Spot gold held its ground at $2,745.42 per ounce, as of 0218 GMT. Bullion hit a record high of $2,790.15 last Thursday.
«Gold prices are likley to remain sluggish as investors refrained from taking big bets ahead of the U.S. presidential election, with the Federal Reserve policy meeting due later this week also in focus,» said Angel One.
Republican Donald Trump won 14 states in Tuesday's U.S. presidential election while Democrat Kamala Harris captured four states and Washington, D.C., Edison Research projected, but critical battleground states were unlikely to be called for hours or even days.
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