Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold and silver rates in India were trading in positive territory on Friday, owing to a drop in the value of the US dollar. Gold December futures were trading Rs.71 higher at Rs 50,258 per 10 gramme on the Multi Commodity Exchange, compared to the previous close. On the MCX, silver December futures were trading Rs 280, or 0.5% higher, at Rs 56,440 a kg.
Globally, yellow metal prices moved higher, aided by a drop in the U.S. dollar, but the Federal Reserve’s resolve to maintain its aggressive rate-hike policy kept the metal on course for its sixth consecutive monthly decrease, according to Reuters. The spot price of gold was up 0.2% at $1,663.79 per ounce.
Today’s Gold Price, Gold Price Forecast, and Gold Price Outlook: Due to a dip in the value of the U.S. dollar, gold and silver rates in India were trading in positive territory on Friday. When compared to the previous close, gold December futures were trading Rs 71 higher at Rs 50,258 per 10 gramme on the Multi Commodity Exchange. Silver December futures on the MCX were trading Rs 280, or 0.5% higher, at Rs 56,440 per kilogramme.
Yellow metal prices rose globally, helped by a drop in the U.S. dollar, but the Federal Reserve’s determination to sustain its aggressive rate-hike programme placed the metal on track for its sixth consecutive monthly decline, according to Reuters. The spot price of gold increased 0.2% to $1,663.79 per ounce.
