Gold price headed towards ₹53,000, struggling to sustain predictions
Sat, Apr 16, 2022 8:38 AM

Gold price headed towards ₹53,000, struggling to sustain predictions

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The Multi Commodity Exchange (MCX) gold rate for June 2022 future contract tested ₹53,000 per 10 gm levels on Friday, attributed to the struggling peace efforts in Russia-Ukraine war and US inflation rallying to fresh 40 years high.

Yesterday, the prices of gold failed to keep up this psychological level and closed at ₹52,991 per 10 gm mark.

Spot gold price closed at $1974 per ounce levels.

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