• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Gold Prices Soar To 7-Month High

OMMCOM NEWS by OMMCOM NEWS
November 29, 2023
in Business

Mumbai:  Gold prices increased to a seven-month high in the international market on Wednesday while in India gold prices were above Rs 62,500 per 10 gm for 24 carat gold.

Gold prices have been rising in the international market on the back of depreciating US dollar and falling bond yields.

There also growing expectations that the Federal Reserve is likely to cut rates in the coming months.

Spot gold rose 0.24 per cent to cross the $2,046 per ounce by 11.30 a.m. on Wednesday morning, which is the highest price since May 5.

US gold futures for December delivery rose 0.3 per cent to $2,045.40 per ounce.

Gold prices have now risen by close to 10 per cent from the beginning of the year.

Gold prices varied across different cities in India. Chennai recorded the highest price of 10 gm of 24 carat gold at Rs 63,050 while in Delhi and Mumbai the prices were Rs 62,710 and Rs 62,560, respectively.

Gold prices have been rising in the global market as the dollar has continued to depreciate against a basket of major currencies and is currently close to a three-month low which makes gold cheaper to buy in other foreign currencies.

Expectations of low interest rates makes financial instruments less attractive for investors compared to gold which is considered a safe investment.

The demand for gold in the domestic market remains firm amid the marriage season as the precious metal is gifted to brides and grooms in large quantities.

(IANS)

Tags: Gold prices
ShareTweetSendSharePinShareSend
Previous Post

OUAT Student Riding Scooter Crushed Under Truck In Bhubaneswar

Next Post

‘War 2’ Sets Its Release Date For Aug 14, 2025

Related Posts

Business

Oil Purchases Serve Both National And Global Interests By Stabilising Prices: EAM Jaishankar

August 23, 2025
Business

56th GST Council Meet To Decide On 2-Slab Structure In Early Sep

August 23, 2025
Piyush Goyal
Business

Govt Giving Priority To National Interest In FTA Talks: Piyush Goyal

August 22, 2025
MeitY Secretary
Business

SEMICON India 2025 To Be South Asia’s Largest Platform For Semiconductor, Electronics Innovation: MeitY Secretary

August 22, 2025
Income Tax Bill 2025
Business

Govt Notifies Income-Tax Act 2025, Law To Come Into Effect From April 1, 2026

August 22, 2025
Reserve Bank of India
Business

RBI Appoints Indranil Bhattacharyya As Ex-Officio Member Of MPC

August 22, 2025
Next Post

‘War 2’ Sets Its Release Date For Aug 14, 2025

Silkyara Tunnel Collapse: Rescued Labourers Narrate Their Ordeals To PM, Media

SRC Alerts 6 Odisha District Collectors In View Of Cyclonic Storm Warning By IMD

khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.