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Gold shines bright on Friday: Prices soar by Rs 607, futures touch Rs 77,163/10gm10g
- Written by ZeeBiz WebTeam
Published: Zee Business| Updated: Zee Business
Gold prices saw a significant rise on Friday, with futures gaining Rs 479 to reach Rs 77,035 per 10 grams. The upward trend in gold reflects global factors, including softer US Treasury yields and geopolitical tensions.
(Image: Pixabay, Unsplash)
1/10
Glittering gains on Friday
1/10Gold futures climb 0.63%, hitting Rs 77,035 per 10 grams.
2/10
Silver shines too
2/10Domestic silver futures up 0.42%, settling at Rs 90,135/kg on MCX
3/10
Why gold is soaring globally
3/10COMEX gold spikes 0.67%, trading at $2,682.60 per ounce.
4/10
City-wise gold rates revealed
4/10Delhi tops the chart with Rs 77,513/10g, while Mumbai trails at Rs 77,367/10g.
5/10
Fed rate cut buzz fuels the rally
5/10Lower US Treasury yields and Dollar Index soften, adding shine to gold.
6/10
Geopolitical tensions boost demand
6/10Russia-Ukraine conflict sparks renewed interest in safe-haven assets.
7/10
Market forecast
7/10Gold prices expected to stay volatile with key support at $2,588 per ounce.
8/10
Gold’s domestic volatility
8/10After a dip earlier this week, MCX gold rebounds strongly.
9/10
Seasonal factors at play
9/10Thanksgiving and Black Friday spur gold bids, but market remains cautious.
10/10
Gold outlook by experts
10/10Price range of $2,600 to $2,700 expected over the next few days amidst market dynamics.
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