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As on : 23-Jan-2025
Other Markets - Bullion Markets
23-Jan-2025     14:39

Gold eases near $2760 on profit taking

Gold traded slightly lower in Asian markets as traders booked profits near its November peak of $2,770. Rising global tensions, including Israel's drone strike in Lebanon despite a ceasefire, fueled safe-haven demand. The US dollar's weakness, with the index stabilizing at 108.2 and down 1% this week, added to bullion's appeal. On MCX, February gold futures eased to ₹79,500 per 10 grams. Despite the slight dip, mounting geopolitical and economic uncertainties continue to support the metal's allure among investors.

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