Gold’s appeal is aided by the dollar index hitting a 10-week low

15 Nov 2023 , 10:39 AM

Gold continued to rise on Wednesday, helped by a declining dollar index (DXY) that fell below 105 following data on US inflation that supported the idea that the US Federal Reserve is probably done raising interest rates.

The closing price of Tuesday’s gold futures on December gold was Rs 60,195 per 10 grammes, a decrease of Rs 130 or 0.22%. The December Silver futures, meanwhile, were up Rs 195, or 0.27%, at Rs 71,788 a kg.

On Comex, gold futures were up $3, or 0.15%, at $1,969.50 per troy ounce on Wednesday, while silver futures were up $0.073, or 0.320%, at $23.205.

Against a basket of the top six currencies, the dollar index was trading steady at 104.10, up 0.04 points, or 0.04%.

In major physical bullion markets such as Delhi, Ahmedabad, and other cities, the price of 10 grams of gold is Rs 60,800, while the price of 1 kg of silver is Rs 73,000.

For feedback and suggestions, write to us at [e-mail]