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Global cues drive gold to all-time high
Financial Express Mumbai
|March 22, 2024
GOLD PRICES SURGED by ₹1,130 to hit an all-time high of ₹67,450 per 10 gram in India following strong global trends, according to HDFC Securities.
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In the international markets, prices scaled to fresh highs for the fifth time this month after the US Federal Reserve anticipated three rate cuts in 2024 despite high inflation.
"Spot gold prices (24 carats) in the Delhi markets are trading at ₹67,450 per 10 grams, up by ₹1,130 from the previous close," Dilip Parmar, research analyst at HDFC Securities, said.
In the international markets, spot gold at Comex was trading at $2,202 per ounce, up by $48 from the previous day's level. Comex spot gold prices were supported by heightened geopolitical risks and buying by central banks, Parmar said.
Silver was also trading higher at $25.51 per ounce. In the previous close, it had ended at $24.84 per ounce.
This story is from the March 22, 2024 edition of Financial Express Mumbai.
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