Gold price rebounds from 16-month low. Should you buy, sell or hold?3 min read . Updated: 23 Jul 2022, 06:03 AM IST
- Spot gold price is trading in the range of $1680 to $1750 per ounce range whereas MCX gold rates are trading in the range of ₹49,500 to ₹51,500 per 10 gm, say experts
Gold price today: On account of interest rate hikes by central banks across world, gold price plummeted to 16-month lows. However, spot gold price bounced back from its support price of $1680 per ounce levels and closed at $1726.40 per ounce levels on Friday, logging near 0.50 per cent intraday gain. Gold price on Multi Commodity Exchange (MCX) shot up ₹305 per 10 gm on Friday and finished at 50,680 levels.
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