The gold futures contract lost 0.72% on Wednesday, as it retraced some of its Thursday’s-Friday’s rally. The gold price broke above a short-term consolidation along $1,800 price level last week.
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Gold Price Slip. Experts Say ‘Good Chance’ for Buyers
Gold price at Multi Commodity Exchange (MCX) dipped ₹311 after closing at ₹47,640 per 10 gm mark on Tuesday. However, silver price continued to scale and closed ₹338 higher from its Monday close. Silver on Tuesday had a closing price of ₹71,882 per kg.
Gold Price Today: Experts predict yellow metal shine to continue till Diwali — should you buy?
Gold price today at Multi Commodity Exchange (MCX) opened with the positive gap making an intraday high of ₹47,046 per 10 gm. According to the commodity experts, there can be some fresh correction in the precious bullion metal and it may go down up to ₹46,500 to ₹45,500 levels.
Gold Price Analysis: Gold Refreshes Weekly high above $1,780 on Biden’s ‘Joint Congress’ speech
Gold Price Analysis: Gold inches closer to the $1,800 threshold, refreshing weekly top to $1,788.31 by the press time of early Thursday. In doing so, the yellow metal takes the bids for the second consecutive day on the weaker US dollar. Recently propelling the commodity prices are the comments from US President Joe Biden.
Gold Price Forecast: Trading Zone $1803—$1758, Focus Shifts To Fed
Gold Price Forecast: Gold rebounded on Monday after finding support just under $1770, tracking the late decline in the US dollar across the board after Wall Street indices closed at record highs.