Achi news desk-
Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities, said, “Gold prices rose on Thursday ahead of key US macroeconomic data results. In the Delhi bullion market, the spot price of 24 carat gold is trading at Rs 67,350 per 10 grams with an increase of Rs 350.
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In the global markets, the spot price of gold on the Comex rose $14 to $2,194 an ounce. He said, “Gold prices remained strong amid positive interest rate sentiment, but the rise in the dollar index could weigh on prices of the yellow metal.”
“Gold prices are facing strong resistance near $2,200-2,215 levels,” said Jatin Trivedi, VP Research Analyst at LKP Securities. The price of silver also rose slightly to $24.55 an ounce. In the last trading session, gold had closed at $24.50 per ounce.
Pranav Mer, Vice President (EBG) – Commodity and Currency Research, JM Financial Services Ltd. said, “Gold is witnessing a positive and stable trade, but the dollar has strengthened against the major currencies. “Investors remain cautious ahead of US GDP inflation and personal consumption expenditure (PCE) data on Thursday and Friday.”
