MCX gold rate climbs 1.4% this week despite Fed’s dovish stance on rate cut
Sat, Jan 11, 2025 1:01 PM

MCX gold rate climbs 1.4% this week despite Fed’s dovish stance on rate cut

A Flip by Shubhangi Gupta
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Gold price today: Despite the US Fed’s signalling rate cut at a slower pace amid sticky US inflation and a strong labour market, the MCX gold rate registered gains for the third week in a row. Gold futures contract on MCX for February 2025 expiry finished at ₹78,400 per 10 gm, logging around ₹1,080 per 10 gm or 1.40 per cent rise in one week.

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