GOLD PRICE TODAY: MCX GOLD RATE GAINS ON RISING TENSION IN RUSSIA-UKRAINE WAR, ISRAEL-HEZBOLLAH CEASEFIRE ACCUSATIONS

Gold price today: Following the escalating geopolitical tension in the Russia-Ukraine war and the Israel-Hezbollah war, gold prices witnessed strong buying in the early morning session on Friday. MCX gold rate today (December 2024 future contract) opened upside at ₹76,334 per 10 gm and touched an intraday high of ₹76,504 within a few minutes of the Opening Bell. In the international market, COMEX gold price was up over 0.75 per cent at $2,682 per troy ounce, whereas spot gold price is oscillating around $2,659 per ounce mark.

According to commodity market experts, the gold rate today is on an uptrend due to the accusations by Israel and the Iran-backed militant group Hezbollah for ceasefire violations. Meanwhile, Russia has also up the ante against Ukraine with some fresh missile attacks. This has put doubt into investors' minds, and they are flocking towards gold as a safe haven.

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2024-11-29T03:56:40Z