Here is an extensive daily list to give you the most recent information on silver prices in India's key cities.
The gold COMEX data indicates the last trade price at 2,327.20, marking a decrease of 27.60 points, equivalent to a 1.17% drop. Throughout the trading session, gold reached a high of 2,341.30 and a low of 2,323.80. The market opened at 2,340.90. This data highlights a day of significant movement in gold prices, reflecting investor responses to market conditions. The fluctuation between the high and low prices demonstrates the volatility and dynamic nature of gold trading on the COMEX.
On last Monday gold prices rebounded following their steepest drop in three and a half years, prompted by a strong U.S. jobs report and reports of China's central bank halting gold purchases. Despite a stronger dollar and rising U.S. Treasury yields, investors shifted their attention to upcoming U.S. inflation data and the Federal Reserve's interest rate decision. While the Fed is not expected to change its policy rate, the market eagerly awaits the updated economic projections and Fed Chair Jerome Powell's news conference on Wednesday, says Prathamesh Mallya, DVP- Research, Non-Agri Commodities and Currencies, Angel One Ltd.
While these data points offer valuable insights into market trends and factors driving price movements to assist investors in navigating the gold market effectively, investors are advised to perform their own due diligence before making any investment decisions.
As the day progresses, we encourage investors to remain vigilant and monitor gold rates closely for any emerging trends or market developments. By staying informed about these daily price fluctuations, investors can identify potential trading opportunities and make well-informed investment decisions.
For daily updates and in-depth analysis of gold rates, continue following our coverage on Business Insider India.
Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. Rates are subject to change from time to time and across multiple geographical locations. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.