For Quick Alerts
For Daily Alerts

Gold Price Surges After Falling To 3-Month Low


In the global markets on the back of improvement in US-China trade talk, the appeal of the yellow metal touted as the safe haven during political and economic crisis has reduced. And amid it, prices have fallen the most in the last 3 months on Friday. Nonetheless, due to still uncertainty on the issue in Monday's trade, gold has yet again scaled higher. Weak China data also lent support to the metal.


Spot gold was up 0.3 per cent at $1,462.46 per ounce by 0110 GMT, after touching a three-month low in the previous session.

Gold Price Surges After Falling To 3-Month Low

Over the weekend, the US President Donald Trump said that deal with Beijing is going on very nicely and on the contrary, Chinese finance minister who was in the position previously said, wider conflicts between the world's two largest economies will continue.

In India, as the prices have now declined there is seen some fresh buying in the metal. Also, the wedding season that now starts in India has also spurred demand.

On the MCX, gold of December contract traded higher by 0.1% at Rs. 37723 per 10 gm.

22k and 24K gold is priced at Rs. 37260 and Rs. 38260, with a change of just Rs. 10.

Read more about: gold price dollar
Story first published: Monday, November 11, 2019, 9:50 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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