GOLD SEES CHOPPY MOVES AFTER RECENT UPTICK

Published on Dec 24, 2024 13:25

COMEX Gold futures are witnessing steady gains after recent tumble to one month low. The yellow metal saw a good rebound following softer US inflation data on Friday but is now settling into a typical year end spell, consolidating in narrow range. The metal is currently trading at $2632 per ounce, up 0.17% on the day. MCX Gold futures are staying supported near Rs 76300 per 110 grams mark as weak Indian Rupee is boosting sentiments. The INR tanked to 85.20 per US dollar, testing another record low. Local market also remains cautious after the massive spike in Gold imports in last month.