Gold prices dip as geopolitical tensions ease, US Fed policy in focus

Gold prices decline after geopolitical tension eases

Ceasefire in the Israel-Hezbollah war triggers a dip in gold prices as geopolitical risks subside.  

 

MCX gold trades near Rs 75,500 per 10 gm in early trade

December futures opened lower at Rs 75,501 and briefly touched an intraday low of Rs 75,444. 

Gold stabilizes after early selling pressure

Value buying lifts gold prices to Rs 75,523 by mid-morning, off its session low.  

 

Key price ranges for gold on MCX and spot market

Gold trades in a range of Rs 75,500-Rs 76,700 per 10 gm on MCX; spot gold holds between $2,680 and $2,715 per troy ounce.  

US Fed rate cut speculation weighs on gold

Traders await clarity from Jerome Powell on potential interest rate cuts by the Federal Reserve.  

 

Why are gold prices fluctuating today?

Factors include eased geopolitical tensions, Fed policy anticipation, and range-bound trading activity

Gold rates across major Indian cities today

Delhi at Rs 75,800, Mumbai at Rs 75,700, Chennai at Rs 76,200, and Kolkata at Rs 75,900 for 10 gm of 24K gold. 

Broader bullish trend intact, say experts

Analysts recommend systematic investment strategies as gold prices hold significantly above ₹67,500 budget-week lows.  

Outlook: Breakout from range to determine direction

Experts see Rs 75,500 as crucial support; a rally above Rs 76,700 could signal a bullish trend.

Gold prices: A balancing act of risks and returns

Geopolitical stability and Fed policy signals may keep gold prices steady, offering long-term investment opportunities.