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 editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
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)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.