May 24, 2025 11:29 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'India has every right to defend itself against terrorism': Germany on Operation Sindoor | Trump administration bans Harvard University from enrolling international students | ED accuses Sonia Gandhi, Rahul Gandhi of cheating, money laundering in National Herald case | 'Russia, Ukraine will immediately start negotiations for ceasefire': Donald Trump after call with Putin | 'Jill and I have learned that we are strongest in the broken places': Joe Biden on cancer diagnosis | Rahul Gandhi targets Jaishankar over Op. Sindoor again, BJP says LoP speaking Pak language | Supreme Court orders SIT probe into Madhya Pradesh minister's remarks on Colonel Sofiya Qureshi | Bengaluru: Woman killed after wall collapses on her after heavy rainfall | Pak forces targeted Golden Temple after India conducted Operation Sindoor: Army | YouTuber Jyoti Malhotra, arrested for 'espionage', travelled to Pakistan ahead of Pahalgam attack
Gold Price
Representational image from Unsplash/Zlataky.cz

Gold prices linger near all-time high

| @indiablooms | Sep 26, 2024, at 07:06 pm

Mumbai/IBNS: Ahead of US Federal Reserve chair Jerome Powell's upcoming speech, gold prices remained steady on Thursday (Sept. 26) but hovered near record highs.

The spot price of gold is fluctuating around $2,660 per ounce, just $10 shy of its all-time high of $2,670.

Meanwhile, the MCX gold rate in India is trading around Rs 75,345 per 10 grams, only Rs 655 away from its record peak of Rs 76,000.

Commodity market analysts are closely monitoring Powell's speech, as investors anticipate clear guidance on potential interest rate cuts from the US Federal Reserve.

Experts noted that the spot gold price is currently fluctuating between $2,660 and $2,700 per ounce, while the MCX gold rate is trading in a range of Rs 74,800 to Rs 76,000 per 10 grams.

Despite market fluctuations, analysts remain optimistic, advising investors to view any significant decline in gold prices as a buying opportunity.

Powell's remarks will kick off a conference on Wednesday, with additional speeches expected from New York Fed President John Williams and Fed Vice Chair for Supervision Michael Barr.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu