In global markets, gold prices rose on Wednesday after the US Federal Reserve’s measures to boost liquidity in the market eased concerns over disruptions to the global economy and a potential cash crunch due to the coronavirus outbreak.
Tag: Gold price
Can gold price touch Rs 50,000? Here are some reasons
Talking about the futures market, gold on MCX has reached Rs 44,712 per 10 grams. If the boom is similar, then the futures price of gold can go up to Rs 48,000 till Diwali, while the spot price can also touch Rs 50,000 per ten-gram level.
Gold rate plunges to Rs 29,100 per 10 grams
On Monday, the price of gold tumbled Rs 125 to Rs 29,100 per 10 grams. The fall in prices has happened amid tapering demand from local jewellers. Silver also slipped below Rs 39,000 mark by falling Rs 125 to Rs 38,950 per kg because of reduced purchase by industrial units[Read More…]