Gold rates today edge higher as ECB signals interest rate hike. Should you buy?
Gold rate today has support placed at ₹59,500 whereas it is facing hurdle at ₹60,800 and ₹61,200 respectively
Gold rate today inched higher after European Central Bank President Christine Lagarde signaled a possible rate hike in upcoming meeting. Gold future contract for August 2023 expiry opened higher at ₹60,301 per 10 gm levels and went on to hit intraday high of ₹60,351 per 10 gm levels. Gold price today is oscillating around $1,981 per ounce levels, logging around 0.25 per cent rise in early morning deals at Asian stock market bourses.
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