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As on : 20-Dec-2023
Other Markets - Bullion Markets
20-Dec-2023     14:22

Gold hold just above $2050 mark

COMEX Gold futures are witnessing tight moves, holding just above $2050 per ounce as slightly weak undertone in the US dollar is keeping sentiments supported for the commodity while the $2060 per ounce mark is capping the upside. Gold witnessed a fantastic spike last week, breaking above $2000 per ounce mark in style as US Federal Reserve's decision to maintain interest rates and signal about potential rate reductions in 2024 boosted the commodity. Indian import trends remained supportive. India's Gold imports stood at Rs 28697 crore in value terms in November 2023, up 8.17% compared to November 2022. Gold imports in April-October 2023 rose by 26.05% compared to same period last year.

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