Gold Prices Today: Gold Futures Trades Marginally Higher, Silver Shows Volatility
Gold Price In India: Gold futures traded marginally higher on Friday, December 24, as the yellow metal mirrored trends in international markets. On the Multi Commodity Exchange (MCX), gold futures due for a February 4 delivery, were last seen trading higher by Rs 68 or 0.14 per cent - at Rs 48,220, compared to their previous close of Rs 48,152. Silver futures due for a March 4 delivery were last down 0.01 per cent at Rs 62,302 against a previous close of Rs 62,311.
#Gold and #Silver Closing #Rates for 24/12/2021#IBJA pic.twitter.com/OvMnVIuerI
December 24, 2021
Domestic spot gold opened at Rs 48,280 per 10 grams on Friday, and silver at Rs 61,843 per kilogram - both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).The safe-haven dollar was on the back foot today, on signs the Omicron variant would not significantly derail global economic growth.
The greenback was headed for its worst week since September while other risk-friendly assets from bitcoin to the Australian dollar held onto their recent gains buoyed by ebbing concerns over the severity of the new COVID-19 variant.
Dr. Ravi Singh, Vice President & Head of Research, ShareIndia:
''Backed by strong inflows during wedding, festive season and fresh concern over Omicron has increased the volatility in gold prices. However, the dollar moves are keeping a check on gold prices to trade in a range bound zone.
Buy Zone Near - 48100 for the target of 48,400
Sell Zone Below  - 47800 for the target of 47,600''
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
