The recent price recovery has been aided by lower oil costs following de-escalating rhetoric regarding potential U.S. strikes on Iran. Despite these local gains, international spot prices faced profit-taking alongside pressures from firm dollar valuations and impending Federal Reserve rate decisions. Domestic futures settled higher at ₹1,43,129 per 10 grams on the MCX, with brokerages identifying potential upside toward ₹1,48,000 if critical chart supports hold. Market participants are now monitoring impending U.S. inflation readings to assess broader macroeconomic direction.
Key points
Crude oil prices cooled after U.S. President Donald Trump downplayed potential military s…: Crude oil prices cooled after U.S. President Donald Trump downplayed potential military strikes against Iran.
Enrich Money noted that the ₹1,43,000 to ₹1,43,700 price band has transitioned into immed…: Enrich Money noted that the ₹1,43,000 to ₹1,43,700 price band has transitioned into immediate support for bullion.
Future price momentum remains constrained by strong U.S. employment data and expectations…: Future price momentum remains constrained by strong U.S. employment data and expectations of a December interest rate hike.
Sources checked by our analysis pipeline: 1
Gold rates today: Gold prices has been on a bull run amid easing crude oil prices and receding inflation concerns supported bullion demand. However, a stronger US dollar and expectations of another Federal Reserve interest rate hike limited further gains in international markets.
On the domestic front, MCX gold futures for December delivery were quoted at ₹1,43,129 per 10 grams, up ₹577 or 0.4%, according to the latest available market data. On Monday, the contract opened at ₹1,43,562 and touched an intraday high of ₹1,44,400 in the previous session.
The recovery in gold prices comes after a sharp correction in October, with investors assessing whether the recent rebound can sustain itself.
The recent recovery in gold prices has been supported by easing crude oil prices, which have helped reduce concerns about inflation and the possibility of prolonged restrictive monetary policy by global central banks.
Crude oil prices declined sharply after US President Donald Trump played down the possibility of fresh military strikes against Iran, raising hopes of progress in diplomatic efforts. Lower energy prices have eased inflationary concerns, potentially giving…
Market activity shows Ferrexpo equity facing downward pressure during today's trading session. Current reporting indicates that trading movement remains negative while additional details concerning the slide have not yet emerged. Observers await further updates to understand the specific drivers behind this downward performance.
Regional market participants drove strong momentum across domestic equities, pushing the Jakarta exchange into firmly positive territory by the closing bell. This solid upward push reflects sustained buying interest throughout the daily trading session. The performance demonstrates continued strength for local shares as market activities wrapped up for the day.