The US economic data for Q1 2024, including an annualised 1.6% expansion and a surge of 3.7% in the core PCE price index, has significant implications for gold prices.
Gold traded higher by 300rs around 66300 in MCX as Comex gold found support near 2170$ and rallied to 2195$ with backed up from the FED s dovish statements the gold prices are broadly in positive trend, said Jateen Trivedi, VP Research Analyst, LKP Securities.
Gold and Silver Prices in India: In a major development, the Gold prices have crossed Rs 63,000 again while the silver has reached around 72,000. This week, there has been an increase in the prices of gold and silver.