look news india
After the Federal Reserve meeting, profit-booking started in the global bullion market as interest rates remained at the current level. Due to this effect, today gold is priced at Rs. per 10 grams in the local markets also. A slow decline of 200 was observed. However, silver prices remained stable at lower levels. Jewelers are expecting good buying from the fall in gold ahead of Akshaya Tritiya next week.
24 carat gold in Ahmedabad Rs. Rs 200 were reduced. 73,300 per 10 grams. Similarly, 22 carat gold is priced at Rs. 73,100 per 10 grams. Silver price per kg Rs. Remained stable at 80,000 level. Late Thursday night on Comex, gold was trading at $ 2,308 an ounce, down by $ 3 in the global market. Silver was trading 24 cents softer at $26.50 an ounce. According to commodity market experts, the dollar index found support and bullion witnessed profit-booking after the Federal Open Market Committee (FOMC) indicated to keep interest rates at current levels till inflation comes under control. Investors are now waiting for non-agriculture and unemployment data, which will decide the movement of the bullion market in the coming days. Meanwhile, two-way fluctuations may be seen in the market.
