2 weeks, 3 days ago
Gold price today: Rates decline amid strengthening US dollar, bond yields; experts unveil strategy for MCX Gold
Live MintGold price today: Gold rates declined in the domestic futures market in the morning sessions on Monday, December 23, on profit booking amid a rise in the US dollar and bond yields. MCX Gold for February 5 expiry traded 0.05 per cent lower at ₹76,385 per 10 grams around 9:15 AM. In comparison, the spot gold price has surged nearly 27 per cent, supported by geopolitical tension, gold buying by the majority of the central banks, and rising demand by investors amid concerns over economic uncertainty. "Gold has support at $2,622-2,600, while resistance at $2,664-2,684 per troy ounce and silver has support at $29.55-29.20, while resistance is at $30.30-30.66 per troy ounce in today’s session," said Jain.
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