Gold and silver prices today: Yellow metal edges up amid dollar relief
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Gold prices opened on the Multi Commodity Exchange (MCX) on Thursday at Rs 62,436 per 10 grams and hit an intraday low of Rs 62,375. In the international market, prices hovered around $2,032.21 per troy ounce. Meanwhile, silver opened at Rs 70,091 per kg and hit an intraday low of Rs 70,051 on the MCX. The price hovered around $22.33 per troy ounce in the international market. Analysts say apart from the dilemma over interest rates, geopolitical tensions in the Middle East are providing a strong floor for bullion. The dollar fell slightly from three-month highs. A recent report suggests that the commander of an Iran-backed Militia who attacked three American soldiers in Jordan has been killed. Amit Khare, Associate Vice President at GCL Broking, said, "MCX Gold and Silver gave negative closing yesterday, April Gold closed at 62524(-0.10%) and March Silver closed at 70311(-0.45%)." Adhil Shetty, CEO of BankBazaar, said, "When the RBI maintains the repo rate at 6.5%, it can influence gold hedging strategies in various ways."
#Gold #Silver #Prices #DollarRelief #Mcx #GeopoliticalTensions #MiddleEast #InterestRates #Iran-backedMilitia #GclBroking #Bankbazaar
https://www.businesstoday.in/personal-finance/news/story/gold-and-silver-prices-today-yellow-metal-edges-up-amid-dollar-relief-416671-2024-02-08
Business Today /
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2024-02-08 07:50:07
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2024-02-08 07:50:07Event JSON
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"content": "Gold and silver prices today: Yellow metal edges up amid dollar relief\n==========\n\nGold prices opened on the Multi Commodity Exchange (MCX) on Thursday at Rs 62,436 per 10 grams and hit an intraday low of Rs 62,375. In the international market, prices hovered around $2,032.21 per troy ounce. Meanwhile, silver opened at Rs 70,091 per kg and hit an intraday low of Rs 70,051 on the MCX. The price hovered around $22.33 per troy ounce in the international market. Analysts say apart from the dilemma over interest rates, geopolitical tensions in the Middle East are providing a strong floor for bullion. The dollar fell slightly from three-month highs. A recent report suggests that the commander of an Iran-backed Militia who attacked three American soldiers in Jordan has been killed. Amit Khare, Associate Vice President at GCL Broking, said, \"MCX Gold and Silver gave negative closing yesterday, April Gold closed at 62524(-0.10%) and March Silver closed at 70311(-0.45%).\" Adhil Shetty, CEO of BankBazaar, said, \"When the RBI maintains the repo rate at 6.5%, it can influence gold hedging strategies in various ways.\"\n\n#Gold #Silver #Prices #DollarRelief #Mcx #GeopoliticalTensions #MiddleEast #InterestRates #Iran-backedMilitia #GclBroking #Bankbazaar\n\nhttps://www.businesstoday.in/personal-finance/news/story/gold-and-silver-prices-today-yellow-metal-edges-up-amid-dollar-relief-416671-2024-02-08",
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