Gold Price Today: Yellow metal up sharply on safe-haven demand; Fed meet eyed
Gold prices rose on Wednesday on the back of weak US macro data and renewed concerns about the stability of US banks, leading to increased demand for the safe-haven metal. The June gold futures on the MCX were up by 0.20% at Rs 60,750 per 10 grams, while silver futures on the MCX gained by 0.08% at Rs 76,306 per kg. On Comex, gold futures gained by 0.10% to trade at $2,025.3 per troy ounce, while silver futures traded at $25.54 per troy ounce, down by 0.31%. The Federal Reserve's meeting later on Wednesday will help reveal the outlook for gold.
Gold prices rose on Wednesday on the back of weak US macro data and renewed concerns about the stability of US banks, leading to increased demand for the safe-haven metal. The June gold futures on the MCX were up by 0.20% at Rs 60,750 per 10 grams, while silver futures on the MCX gained by 0.08% at Rs 76,306 per kg. On Comex, gold futures gained by 0.10% to trade at $2,025.3 per troy ounce, while silver futures traded at $25.54 per troy ounce, down by 0.31%. The Federal Reserve's meeting later on Wednesday will help reveal the outlook for gold.
