Gold Worth Right this moment (February 4): Yellow metallic dips over Rs 2,500 from file excessive – Test price in Delhi, Mumbai and different cities
Gold Worth Right this moment, February 4: Gold worth on Saturday, February 4, dipped by over Rs 2,500 from the file excessive degree sooner or later commerce. The dear metallic was at a nine-month excessive on Thursday, February 2, 2023, at Rs 58,826 per 10 gms.
On Multi Commodity Trade of India Restricted (MCX), Gold April Future was down by 1.97 p.c to Rs 56,560 per 10 grams within the afternoon commerce of February 4.
Likewise, Silver March futures on MCX dipped by 3.67 p.c to Rs 67,625 per kg.
Within the worldwide market, Spot gold dipped 2.6% to $1,863.66 per ounce by 1:40 p.m. ET (1840 GMT) on Friday.
Whereas spot silver dropped 4.9% to $22.33 per ounce. U.S. gold futures settled down 2.8% to $1,876.6.
It needs to be famous that Gold rose to a nine-month excessive on Thursday, February 2, on a subdued greenback, in line with Reuters as buyers held onto the view that the US Federal Reserve would quickly finish its price mountain climbing cycle after it introduced an anticipated 25-basis-point enhance.
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Earlier this week, the US central financial institution delivered a quarter-percentage-point price enhance after a 12 months of bigger hikes and Fed Chair Jerome Powell warned of additional financial coverage tightening.
Gold Worth Metropolis-wise In India as of February 4, 2022, for 24k:
Chennai- Rs 58,200
Mumbai- Rs 57,160
Delhi- Rs 57,310
Kolkata- Rs 57,160
Bangalore- Rs 57,210
Hyderabad- Rs 57,160
Kerala- Rs 57,160
Pune- Rs 57,160
Vadodara- Rs 57,210
Ahmedabad- Rs 57,210
Lucknow- Rs 57,310
Vijayawada- Rs 57,160
Patna- Rs 57,210
Nagpur- Rs 57,160
Chandigarh- Rs 57,310
Surat- Rs 57,210
Bhubaneswar- Rs 57,160
Visakhapatnam- Rs 57,160
Nashik- Rs 57,190
(Disclaimer: These are indicative costs collected from trusted sources. Traders are suggested to examine costs with their jeweller earlier than investing/buying.)
(With inputs from Reuters)