ADVERTISEMENT

Gold Price Comes Down Below Rs 50,000. Here's What Analysts Say

MCX gold futures fell to as low as Rs 49,660 on Wednesday
MCX gold futures fell to as low as Rs 49,660 on Wednesday
Domestic gold futures tanked more than 1 per cent on Wednesday to quote below the Rs 50,000 mark, tracking global benchmark rates amid continued strength in the US dollar. Multi Commodity Exchange gold futures fell by as much as Rs 721 - or 1.43 per cent - to hit Rs 49,660 during the session. Comex gold futures - the global benchmark for the yellow metal - cracked below the $1,900 per ounce mark to a six-week low of $1,876.10 per oun...
Register for Free
to continue reading
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit