Commodities & currencyMoneycontrol
MCX gold rises to Rs 1.41 lakh, silver jumps to Rs 1.87 lakh
Neutral0
GreyOak summary
Gold and silver prices rose on the MCX, with gold futures reaching Rs 1,41,298 per 10 grams and silver hitting Rs 1,87,150 per kilogram. The increase occurred despite rising expectations of a US Federal Reserve rate hike, which has intensified market volatility. Experts maintain a bullish medium-to-long-term outlook for precious metals, citing easing inflationary pressure and US indebtedness concerns.
What it affects
- SilverNeutral 0
Domestic silver prices jumped to Rs 1.87 lakh.Rolling sentiment Neutral 0
- GoldNeutral 0
Domestic gold futures rose to Rs 1.41 lakh.Rolling sentiment Neutral +13
- Multi Commodity Exchange of IndiaMCXPositive +1
MCX gold and silver prices rose significantly.Rolling sentiment Positive +15
Source
Read the original at MoneycontrolMore Multi Commodity Exchange of India news
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