Suspense Crime Sach Ka Dam
The price of gold slipped below the ₹ 79,000 mark in the national capital on Monday. In Delhi, the price of gold fell by Rs 190 to Rs 78,960 per 10 grams. This information was given by the All India Sarafa Association. According to a PTI report, on Friday, the price of gold with 99.9 percent purity closed at Rs 79,150 per 10gramsm. On Monday, gold with 99.5 percent purity fell by Rs 190 to Rs 78,560 per 1gramsam. On Friday, gold had closed at Rs 78,750 per gramsram.
gold futures trading
Gold contracts for February delivery rose by Rs 410 to Rs 77,029 pergramsgram in futures trading on MCX. Geopolitical turmoil revived safe-haven demand, pushing gold prices higher on MCX. Rebel forces ousted Syrian President Bashar al-Assad from poand wer, reports of Israeli involvement in Syrian territory and Turkish-backed rebel activity escalated tensions.
What is the opinion of experts?
South Korea’s leadership crisis, including President Yoon Suk Yeol’s criminal investigation and narrowly avoided impeachment, added to global uncertainty, said Jatin Trivedi, VP research analyst, commodities and currencies at LKP Securities. In overseas markets, Comex gold futures rose $14.10 an ounce, or 0.53percentt, to $2,673.70 an ounce. Gold rose in the European trading session on Monday as sentiment boosted sentiment.
A big announcement is expected from China.
Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said a major announcement is expected from China, which will boost the outlook for overall demand. Also, Gandhi said safe haven demand continues to provide support to gold prices. China’s Politburo said it will pursue a more active fiscal policy and a moderately loose monetary policy next year to boost consumption on all fronts and expand domestic demand.
