Today’s Gold Rate On Wednesday, due to the accommodative policies of the US Fed, gold price on MCX again touched the level of ₹ 58,000 per 10 grams.
In the light of remittances, it is witnessing appreciation. The market opened at ₹ 58,045 per 10 grams and touched a high of ₹ 58,075 within a short time.
Then, profit-booking started and it closed at ₹ 58,001 per 10 grams. The reason behind the rise in gold prices are the reasons behind the rise in gold prices.
Sugandh Sachdeva, Executive Director, Acme Investment Advisors, details, The US Fed has given dovish signals which indicates a pause in the rates. are giving. Due to this, gold prices have increased and there has been a rise in the last four sessions.
The decline in the US dollar and Treasury yields has further fueled this surge. Focus on Israel-Palestine conflict Sugandh a Sachdeva added that as tensions rise in the Middle East, gold is being seen as a safe haven investment. “In the uncertainty, investors are being attracted to the allure of gold.
Delving into the crystal ball of gold prices, Sugandh Sachdeva, a trusted voice at Acme Investment Advisors, imparts her insightful perspective.
