Gold rate today: Gold prices trade below Rs 76,000/10 gm as China stimulus fails to cheer financial markets
Ahead of the festivities, gold prices are softening by a tad and will the momentum last amid festivities is questionable amid high prices.
Gold prices on the MCX traded weak by a margin tracking overseas softness in the bullion. At the last count at around 11: 39 am, gold December futures declined to levels below Rs 76,000 per 10 gm.
Gold price continues to soften
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Spot gold traded a little changed
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Gold price declines amid strength in dollar index
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Gold price outlook still positive amid geo-political tensions
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Gold price outlook
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Looking ahead, geopolitics may continue to play a role in bullions direction amid Newswires sources revealed that Israel began a security meeting to decide its response to Iran and Hezbollah attacks in Tel Aviv. This week the US economic schedule will feature the New York Empire State Manufacturing Index on Tuesday, followed by the Balance of Trade on Wednesday.
Gold price uptrend remains intact in mid-term
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