Gold price rebounds as US dollar retraces from two month high. Should you buy after withdrawn of ₹2000 currency?3 min read 20 May 2023, 06:59 AM IST
Gold rate today has immediate support placed at $1,950 levels whereas on MCX, it has support placed at ₹59,500 per 10 gm mark, believe experts
Gold rate today: On account of profit booking in the US dollar after US Fed chair suggesting an end to the monetary tightening cycle and announcement of ₹2000 currency withdrawal in India, gold prices bounced back strongly in international and domestic markets. Gold future contract for June expiry on Multi Commodity Exchange (MCX) gained ₹667 per 10 gm or around 1.12 per cent on Friday and finished at ₹60,390 levels. In international market, gold price finished at around $1,977 per ounce levels, logging an intraday gain of near one per cent.
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