March 31, 2026 11:38 pm (IST)
Follow us:
Gold rises for third season in India on weak dollar
New Delhi, Dec 12 (IBNS) Gold rises for third session in a row to two month high on Wednesday on weak dollar and fall in global equities market prompted investors to seek safety in safe heaven appeal in precious metal.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.37 percent to 721.81 tonnes on Tuesday, another factor that could boost prices.
Vivek Gupta, CMT - Director Research, CapitalVia Global Research Ltd. said in upcoming days, "we can expect COMEX Gold February Futures prices to trade in a range on weak U. S. dollar."
Technically, COMEX Gold can trade in the range from $1260 on higher side to $1180 on lower side. And similarly MCX Gold February futures can trade in the range between 27600 to 26800 level, he said.
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.
Latest Headlines
PwC India announces leadership transition in Deals Business
Tue, Mar 31 2026
DBS Bank India launches relationship-led banking for 'India’s globally mobile, emerging affluent'
Tue, Mar 31 2026
Major expansion ahead: Govt clears 29 proposals under ECMS
Tue, Mar 31 2026
Over 7.83 crore enterprises registered on Udyam Registration Portal (URP), says Minister
Mon, Mar 30 2026
2026 economic crisis ahead? Robert Kiyosaki shares investment plan
Sat, Mar 28 2026
Larsen & Toubro drops 3% despite securing ₹2,500 crore orders
Fri, Mar 27 2026