look news india
After the decline of the last two-three days, speculative buying was seen in gold and silver at lower levels on the first day of the week. Of course, investors had their eyes on the Federal Reserve meeting on December 17-18, so price gains were limited.
Due to global sentiment, gold and silver prices rose slowly at the domestic level also. 24 carat gold per 10 grams in ahmedabad. It was increased to Rs 300. 79,300 was done. Similarly, 22 carat gold is priced at Rs. 79,100 per 10 grams. Price in silver Rs. 1,000 to Rs. 90,500 per kg. In the international market, gold rose by $ 16 to $ 2,660 an ounce as against $ 2,644. Global silver rose to $30.65 an ounce from $30.57 an ounce.
In futures, February gold futures on MCX were priced at Rs. It increased to Rs 139. 77,136 per 10 grams. MCX Chandi March Contract Rs. It increased to Rs 226. 91,001 per kg. Late Monday night on Comex, gold was trading at $ 2,681.10 an ounce with a gain of $ 5.30. On Comex, silver was up 11.2 cents at $31.14 an ounce.
Bullion analysts said after last week’s decline, there was a marginal recovery in bullion prices with some buying at lower levels. However, the market may see some strength as the focus is on the outcome of the policy meetings of the US Federal Reserve on Wednesday, then the Bank of Japan on Thursday, the Bank of England on Friday and China’s central bank. Apart from this, inflation data of UK, Euro Zone, Japan, US will come. In the new year 2025, proper guidance of all central banks will be closely monitored. Due to all this, gold prices are likely to trade stable.