Gold price breaks consolidation mode. Should you buy or accumulate?4 min read . Updated: 26 Mar 2022, 12:28 PM IST
- Gold price today: Russian President is seeking payment for natural gas sales in roubles from unfriendly countries, which could lead to a further supply crunch and rise in prices, while worsening the energy squeeze, believe experts
Gold price today at Multi Commodity Exchange (MCX) is around ₹3600 lower from its recent high of ₹55,558 per 10 gm levels. MCX gold rate on Friday closed at ₹51,888 levels, ending ₹190 or 0.36 per cent lower from its Thursday close. However, spot gold price nudged 0.02 per cent higher and closed at $1957 per ounce levels. According to commodity market experts, demand for safe haven has re-emerged as there is no meaningful progress in Russia-Ukraine peace talks. Amid soaring crude oil prices, Russian President is seeking payment for natural gas sales in roubles from "unfriendly" countries, which may further fuel oil prices globally.
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