There is no significant movement in the bullion market due to the Christmas season in the global markets, especially the European and American markets. However, domestic prices rose marginally, reflecting normal buying at lower levels. On the other hand, prices remained overall under pressure due to selling in futures.
On Friday, 24 carat gold per 10 grams in Ahmedabad was priced at Rs. It was increased to Rs 200. 79,100 was done. Similarly, 22 carat gold is priced at Rs. 78,900 per 10 grams. Domestic silver per kg Rs. Rs 500 were increased. 88,500 per kg. In the global markets, gold fell marginally to $ 2,626 an ounce as against $ 2,629. Silver fell to $29.63 an ounce as against $29.75.
Late Thursday night on Comex, gold was trading down by $ 12.40 at $ 2,641.50 an ounce. On Comex, silver fell by $ 26.9 and was trading at $ 30.12 an ounce. February gold futures on MCX are at Rs. It was reduced to Rs 126. ₹76,701 per 10 grams. MCX Silver Rs. It was reduced to Rs 644. 88,992 per kg.
Investors have focused on concerns about the Federal Reserve’s monetary policy for 2025 and Donald Trump’s potential tariff policies. After three rate cuts this year, the Fed hinted at a slower pace next year. Along with this, soft inflation readings in the US also provided some support to the precious metal.
