iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Gold Rate Today: Metal on Edge Ahead of Fed Minutes

3 Jan 2024 , 11:32 AM

On Wednesday, Gold experienced limited fluctuations in its trading range as investors awaited the release of FOMC minutes from the December monetary policy meeting. The market anticipates gaining a clearer understanding of the Federal Reserve’s decision-making direction in the near future.

As of 0132 GMT, spot gold was up 0.1% at $2,061.49 per ounce. Gold futures in the United States fell 0.2% to $2,069.90 per ounce.

Spot silver rose 0.1% to $23.66 per ounce, while platinum held steady at $981.27. Palladium climbed 0.3% to $1,084.40 per ounce.

Taking cues from the worldwide market, MCX February gold futures were trading flat in early trade. They were trading at Rs 63,274 per 10 grams, up Rs 17 or 0.03% from the previous day’s closing. Meanwhile, March silver futures were selling at Rs 74,061 per kilogramme, a Rs 34 or 5% decrease.

On Wednesday, Comex Gold futures were trading at $2,073.10 per troy ounce, down $0.30 or 0.01%, while Comex Silver futures were selling at $23.920, down $0.033 or 0.140%.

On Tuesday, the MCX Gold February contract finished at Rs 63,298, up Rs 41, while March Silver futures closed at Rs 74,155, up Rs 60 or 0.08%.

Gold remained relatively unchanged after falling for the third day, affected by a stronger dollar as speculators anticipated fewer interest-rate decreases. It reached a new high in December, concluding 2023 with a 13% rise due to expectations for Federal Reserve changes in 2024.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Gold Live News
  • Gold News
  • gold price today
  • Gold Rate
  • Gold Rate Today
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.