On a cold January morning in the high-altitude region of Spiti in the Indian Himalayas, a team of researchers set out to study the disappearing snow in the mountains. Along the trail, they stopped to talk with yak herders who had spent their lives watching the snow come and go
Gold Prices Rise To 2-Week High; Check 24 & 22 Carat Rates In Your City Today, November 26
Gold Prices Rise To 2-Week High; Check 24 & 22 Carat Rates In Your City Today, November 26
Gold Rate Today, November 26: Gold prices rose for the second day in a row on Tuesday to trade at a nearly two-week high, after new US economic data bolstered expectations of an interest rate cut by the US Federal Reserve in December and weighed on the US dollar. In Mumbai, the price of 24-carat gold stood at Rs 1,27,910 per 10 grams, while 22k gold was available at Rs 1,17,250 per 10 grams. These rates do not include GST and making charges. Silver was available at Rs 1,69,000 per kg in the spot market.
On the MCX, gold rose by 0.49% to trade at Rs 1,25,842 per 10 grams for the December 5 contracts, whereas silver was trading higher by 0.96% to trade at Rs 1,57,821 per kg in the futures market.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On November 26?
Rahul Kalantri, vice-president (commodities) of Mehta Equities Ltd, said, “Gold and silver ended the session close to two-week high as delayed US economic data boosted expectations of a December Fed rate cut. September retail sales grew just 0.2%, signalling softer consumer demand, while PPI figures aligned with expectations. Recent dovish remarks from Fed officials have further pushed market pricing for a 25 bps cut to over 80%. Meanwhile, the dollar index slipped below 100, lending additional support to bullion. However, upside momentum in gold was limited amid easing geopolitical risk after Ukrainian authorities reportedly agreed to a roadmap to end the conflict with Russia."
The next US Fed meeting will take place on December 9-10 and the decision will be announced on December 10.
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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Source: News18
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On a cold January morning in the high-altitude region of Spiti in the Indian Himalayas, a team of researchers set out to study the disappearing snow in the mountains. Along the trail, they stopped to talk with yak herders who had spent their lives watching the snow come and go
3 months ago
