December 06, 2025 05:49 am (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
How to Use a Savings Account Interest Calculator to Maximize Savings
Fri, Dec 05 2025
Buy 24 Karat Gold Online Easily Through the JioFinance App
Thu, Dec 04 2025
Rupee crashes! Indian currency breaches ₹90 per dollar for first time — markets in panic!
Wed, Dec 03 2025
Global economy in trouble? UN warns growth to slow sharply in 2025
Wed, Dec 03 2025