Gold price today: The rates of gold and silver rose in the domestic futures market on Friday (November 28) morning on healthy spot demand and growing expectations of a rate cut by the US Federal Reserve in December. MCX gold December futures traded 0.39% higher at ₹1,25,999 per 10 grams around 9:05 am, while MCX silver December contracts were 0.85% up at ₹1,63,849 per kg at that time.
Healthy spot demand in the domestic market, amid the ongoing wedding season, hopes for a US Fed rate cut, and the dollar’s weakness, have been the main triggers behind the rise in gold futures prices over the last few days. The yellow metal, however, has also seen some volatility due to profit booking, reacting to news flows on the Russia-Ukraine front.
(This is a developing story. Please check back for fresh updates.)
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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
