Gold Prices Today: Gold rates surged today in Indian markets, tracking a global rally in the precious metal as concerns over a new Covid variant spreading in South Africa boosted the metal’s safe-haven appeal.
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Gold Rate Today: Gold Sees low-level Buying But Fails to Cross Rs 47,900
Gold Rate Today: Gold price edged up on November 23, 2021 but hovered close to their lowest level in more than 2weeks, hit in the previous session, as the dollar gained on US President Joe Biden’s nomination of Federal Reserve Chair Jerome Powell for a second term.
Gold Price in India Flipped After Festival – Gold Silver Reports
Gold price in India flipped into discount this week after festival buying came off. Dealers offered a discount of up to $2 an ounce over official domestic prices this week, down from last week’s premium of $1.5, news agency Reuters reported. Dhanteras and Diwali was celebrated earlier this month when buying gold is considered auspicious.
Gold Is Back in Vogue With Bulls Loving Faster Inflation Again
For much of this year, rising inflation has been bad news for gold. Now it’s giving the metal a shot in the arm.
Gold Gains Ground As Treasury yields Pull Back After Fed Decision
Gold futures price rebounded Thursday, building on support found as Treasury debt yields declined after the Federal Reserve announced its plans to taper its bond purchases on Wednesday.