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Gold Price Today Rises; Still Rs 7,800 Down from Record High. Good Time to Invest?

In the international market, the yellow metal price remained flat on Monday

Gold Price Today, January 24, 2021: On MCX, the gold futures increased 0.17 per cent to Rs 48,332 for 10 grams at 0930 hours on January 24

  • News18.com
  • Last Updated:January 24, 2022, 09:46 IST
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Gold price in India rose sharply on Monday. On the Multi-Commodity Exchange (MCX), the gold futures increased 0.17 per cent to Rs 48,332 for 10 grams at 0930 hours on January 24. However, silver price witnessed a huge slump on Monday. The precious price dropped 0.22 per cent to Rs 64,665 for a kilogram on January 24.

In the international market, gold price remained flat on Monday ahead of the US Federal Reserve meeting. Spot gold price changed a little at $1,833.36 per ounce 0034 GMT while US gold futures were slightly up 0.2 per cent to $1,834.70.

The US central bank’s Federal Open Market Committee is scheduled to meet on January 25-26. Investors are keenly waiting for the US Fed’s signal on sooner-than-expected rate hike. To handle the rising inflation, the US Federal Reserve would tighten the monetary policy at a much faster pace now, according to the economics polled by the Reuters.

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Source: News18