Gold price regains ₹58,000 per 10 gm levels on MCX after dovish US Fed minutes

MCX gold price today opened upside at ₹58,045 per 10 gm levels and went on to hit intraday high of ₹58,075 levels

By Connect Gujarat Desk 12 Oct 2023 in Business News

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Gold price regains ₹58,000 per 10 gm levels on MCX after dovish US Fed minutes

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On account of dovish stance shown by US Fed officials in Wednesday's US Fed's minutes release, gold price today extended its rally and regained ₹58,000 per 10 gm mark on Multi Commodity Exchange (MCX).

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MCX gold price today opened upside at ₹58,045 per 10 gm levels and went on to hit intraday high of ₹58,075 levels within few minutes of commodity market's opening bell.

However, profit booking soon triggered and the yellow metal made intraday low of ₹58,001 per 10 gm by end of near 20 minutes of trade. In international market, yellow metal price is oscillating around $1,873 per ounce levels.

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