Gold Remains Steady Even As Dollar Softens As Fed Minutes Awaited

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Spot gold in the international market steadied at $1255.59 even as dollar softened  as the Federal Reserve's June policy minutes are awaited. In the previous session, the yellow-metal hit a one-week high.

    Gold Remains Steady Even As Dollar Softens As Fed Minutes Awaited
     

    During the Fed meet, the central bank has hinted at probable 2 rate hikes in 2018 out of a total of 4. The effect on the precious metal is seen as the expectations of more rate hikes by the US Fed are anticipated.

    In the domestic market however, gold price is seen rising at Rs. 31,580 per 10 grams due to strengthening demand from jewellery in light of positive cues from the international market. Also, 22K gold has inched higher in price at Rs. 31,430 per 10 gm.

    Also, silver prices gained ground and inched higher in price by 690 to Rs. 40,600 per kg due to by increased offtake by industrial units and coin makers.

    On Wednesday, the precious yellow metal gained Rs. 210 while in the Thursday's session it surged in price by just Rs. 10 per 10 gm.

    However, sovereign gold remained unchanged in price at at Rs. 24,800 per piece of eight grams in limited deals.

    Goodreturns.in

    Read more about: gold fed minutes dollar
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more