Gold prices continued their strong intraday rally on Tuesday, supported by growing expectations that the US Federal Reserve may cut interest rates in the coming months. Weakness in the US dollar further lifted gold demand, helping the yellow metal move closer to the important $4,950 level.
US Dollar Index
Gold price today: MCX gold rate trades above ₹1,00,000 per 10 grams on US Fed rate cut hopes, silver prices rise
MCX Gold rate today: Gold prices rose for a third day on increased bets of Federal Reserve interest-rate cuts after Treasury Secretary Scott Bessent urged the US central bank to lower borrowing costs.