Gold Price Todays: Due to fresh buying by jewelers and stockists, the price of gold again reached the level of Rs 79000 in Delhi’s bullion market on Thursday, December 5, 2024. On Wednesday it was at Rs 78850 per 10 grams. Silver continued to shine for the third consecutive day and on Thursday it increased by Rs 1,300 to Rs 93800 per kg. On Wednesday it closed at Rs 92500 per kg. Gold traded with stable to positive trends. In MCX, gold is likely to trade in the range of Rs 76,700-77,400.
Price of 99.9% pure gold rises
Information given by All India Bullion Association (AIBA) said that after three days of decline, the price of gold of 99.9% purity increased by Rs 300 to Rs 79,150 per 10 grams on Wednesday. On Wednesday it was at Rs 78,850 per 10 grams. Traders said the rise in gold prices was due to fresh demand from jewelers and retailers in the local markets.
gold futures price fell
Jatin Trivedi, Vice President, Research Analyst (Commodity and Currency) Department of LKP Securities, said that gold traded with stable to positive trends. In MCX, gold is likely to trade in the range of Rs 76,700-77,400. Globally, Comex (commodity market) gold futures fell by $7.20 or 0.2799.9% net to $2,669 an ounce.
Gold fell due to the statement of the Federal Reserve Chief
Saumil Gandhi, senior analyst (commodities) at HDFC Securities, said persistent global risk appetite as well as political uncertainty in France and South Korea are contributing to the rise in the price of the precious metal as a safe-haven option. He said traders will await US macroeconomic data, including new unemployment claims and trade balance, to be released on Thursday. On Wednesday, Federal Reserve Chairman Jerome Powell said that the US economy is in good shape and the cut in policy rates in September was a message of support to the labor market. Due to this, there was some softness in bullion.
Disclaimer: Times of Bihar does not give any advice for any buying or selling related to the stock market. We publish market related analyzes quoting market experts and broking companies. But take market related decisions only after consulting certified experts.
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