Suspense Crime Sach Ka Dam
Gold prices fell more than 1 percent in the domestic futures market on Monday morning due to a stronger US dollar. On MCX, gold for February 5 was trading at 1.02 percent lower at Rs 76,338 per 10 grams at 9:45 am. President-elect Donald Trump has hinted at a possible trade war against the BRICS nations, including India. In an ex-post on Sunday, Trump said that if the BRICS countries take any steps to replace the US dollar, they will be subjected to 100 percent tariffs and sought a commitment from the nine-member group that includes India, Russia, China, and Brazil.
Prices broke a four-session rally.
According to the news, gold prices in the international market broke the four-session rally, which came under pressure from the strong US dollar and profit booking. Investors have now turned their focus to key US economic data for clues on the Federal Reserve’s monetary policy outlook.
More than 3% drop in a month
In the month of November, the price of gold in the international market has fallen by more than 3 percent, which is its worst monthly performance since September 2023. In the domestic spot market, gold prices have fallen by about 4 percent in November.
Gold Rate in Delhi
On December 1, the spot price of 10 grams of gold in Delhi was Rs 78173.0 per 10 grams. Earlier on November 30, the price of 10 grams was Rs 77,513.,0 and last week on November 25, the price of gold per 10 grams was Rs 79,803.0.
