Gold prices surge as US dollar weakens – Check latest updates on spot gold, gold futures, and silver markets

“Gold prices rose on Thursday with spot gold prices trading in Delhi markets at ₹60,100/10 grams increased by ₹400 from the previous day’s close,” said Saumil Gandhi, senior commodities analyst at HDFC Securities.

“Gold prices rose on Thursday with spot gold prices trading in Delhi markets at ₹60,100/10 grams increased by ₹400 from the previous day’s close,” said Saumil Gandhi, senior commodities analyst at HDFC Securities.

Gold futures traded well after rising more than 1% or $24 in the previous session. The surge came as the US dollar fell to its lowest level in almost a year on disappointing CPI statistics, bolstering forecasts that the Federal Reserve will hike rates just once this year. The weakening of the dollar and the prospect of more cautious monetary policy have increased gold’s appeal as a safe haven asset. The US Dollar Index was last seen at 100.10, down 0.10%. Yesterday, it fell to more than a year’s low after statistics suggested a slowdown in US consumer price inflation in June.

Gold futures traded well after rising more than 1% or $24 in the previous session. The surge came as the US dollar fell to its lowest level in almost a year on disappointing CPI statistics, bolstering forecasts that the Federal Reserve will hike rates just once this year. The weakening of the dollar and the prospect of more cautious monetary policy have increased gold’s appeal as a safe haven asset. The US Dollar Index was last seen at 100.10, down 0.10%. Yesterday, it fell to more than a year’s low after statistics suggested a slowdown in US consumer price inflation in June.

The COMEX gold futures contract traded at $1967.30 an ounce, up $5.6. The commodity met resistance at 1970-75 USD. Silver was also higher, with international silver futures trading up 0.62% to $24.46 an ounce.

The COMEX gold futures contract traded at $1967.30 an ounce, up $5.6. The commodity met resistance at 1970-75 USD. Silver was also higher, with international silver futures trading up 0.62% to $24.46 an ounce.

Domestically, the government introduced import restrictions on some gold jewelry and goods on Wednesday, a move that will help reduce imports of non-essential items. A government permit or license is now required to import certain gold products.

Domestically, the government introduced import restrictions on some gold jewelry and goods on Wednesday, a move that will help reduce imports of non-essential items. A government permit or license is now required to import certain gold products.

In order to reduce the import of non-essential goods, the Indian government has imposed import restrictions on certain gold jewelry and articles. Importers are now required to obtain a government permit or license before importing certain gold products. However, imports that fall under the free trade agreement between India and the United Arab Emirates are not subject to any restrictions. The General Directorate for Foreign Trade (DGFT) announced that the import policy would be changed from “free” to “limited” with immediate effect. The aim of this directive is to restrict the import of non-essential goods.

In order to reduce the import of non-essential goods, the Indian government has imposed import restrictions on certain gold jewelry and articles. Importers are now required to obtain a government permit or license before importing certain gold products. However, imports that fall under the free trade agreement between India and the United Arab Emirates are not subject to any restrictions. The General Directorate for Foreign Trade (DGFT) announced that the import policy would be changed from “free” to “limited” with immediate effect. The aim of this directive is to restrict the import of non-essential goods.

MCX gold price traded at ₹59291 per 10 grams, upwards ₹103. Today the treaty should meet support and resistance ₹59,167 and ₹59,360 or MCX silver futures are up to up to ₹73950 per kg, with early resistance at ₹74400.

MCX gold price traded at ₹59291 per 10 grams, upwards ₹103. Today the treaty should meet support and resistance ₹59.167 and ₹59,360 or MCX silver futures are up to up to ₹73950 per kg, with early resistance at ₹74400.