GOLD, SILVER PRICE TODAY: PRICE OF YELLOW METAL MARGINALLY UP AFTER HITTING TWO-WEEK LOW

Gold Price Today: MCX Gold futures for June expiry inched 0.15 per cent higher on Wednesday (April 24) at 71,132.00. On the similar lines, MCX Silver futures for May expiry also extended gains by 0.28 per cent to 80,906.00.

As per Goodsreturn website, gold price for 22 karat has increased by Rs 45 to 6,660 per gram. For 24 karat (999 gold) pure gold, the price stands at Rs 7,216 per gram.

The gain comes after prices of yellow metal witnessed a downward trajectory for a second day to hit a more than two-week low on Tuesday, as diminishing fears about an escalation of tensions in the Middle East prompted investors to book profits.

In the international arena, gold prices crept higher as investors looked to US economic data for further clarity on the Federal Reserve's interest rate path.

After having hit the lowest price since April 5 in the previous session, Spot gold rose 0.2 per cent to $2,327.86 per ounce. U.S. gold futures were steady at $2,340.90.

"A false break of $2,300 on Tuesday likely means that gold prices will remain rangebound heading into US inflation data and the BOJ meeting... I expect gold to tread water between $2,300 and $2,350 unless a fresh catalyst arrives," City Index senior analyst Matt Simpson said to Reuters.

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2024-04-24T07:24:18Z dg43tfdfdgfd