Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Fenway Park ready to open for the 2023 season Thursday

    March 29, 2023

    Russian whose daughter drew anti-war picture flees after being sentenced to jail

    March 29, 2023

    Anthony Volpe caps-off stellar spring with standout performance in Yankees’ exhibition game vs. Nationals

    March 29, 2023
    Facebook Twitter LinkedIn
    Trending
    • Fenway Park ready to open for the 2023 season Thursday
    • Russian whose daughter drew anti-war picture flees after being sentenced to jail
    • Anthony Volpe caps-off stellar spring with standout performance in Yankees’ exhibition game vs. Nationals
    • Hingham man indicted on charges in deadly Apple Store crash
    • Cosmic explosion may be brightest ever seen since human civilisation
    • More than $30K raised for victims of Scituate fire
    • Scratch ticket rebound lifts lottery
    • Baroness Casey urges Met chief to accept police prejudice is 'institutional'
    Facebook Twitter LinkedIn
    Business KhabarBusiness Khabar
    • World
    • Auto
    • Business
      • Industries
      • Opinion
    • Market
    • Money
      • Finance
      • Insurance
      • Investment
      • Schemes
    • Sports
    • Other
      • Stories
      • Career
      • Entrepreneurship
      • Property
    • Web Stories
    Business KhabarBusiness Khabar
    Home » Gold Price Today, 23 June 2022 falls as US Fed chair Powell dedicated to struggle inflation; assist at Rs 50600
    Share Market

    Gold Price Today, 23 June 2022 falls as US Fed chair Powell dedicated to struggle inflation; assist at Rs 50600

    Nisha ChawlaBy Nisha ChawlaJune 23, 2022Updated:June 23, 2022No Comments
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Gold Price Today, 23 June 2022 falls as US Fed chair Powell committed to fight inflation; support at Rs 50600
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold costs in India had been buying and selling decrease on Thursday, on the again of weak world cues after US Fed chair Powell reaffirmed inflation struggle. On Multi Commodity Exchange, gold August futures had been buying and selling Rs 134 or 0.3 per cent up at Rs 50,770 per 10 gram. Silver July futures had been ruling at Rs 60,178 per kg, down Rs 470 or 0.8 per cent on MCX, Globally, yellow metallic costs had been a contact decrease on with some assist from a weaker greenback and U.S. Treasury yields, after the Federal Reserve’s head stated the central financial institution was absolutely dedicated to reining in inflation, and would attempt to not spark a recession within the course of, based on Reuters. Spot gold was down 0.1% at $1,835.88 per ounce whereas U.S. gold futures additionally inched 0.1% decrease to $1,837.30.

    Tapan Patel, Senior Analyst — Commodities, HDFC Securities

    Gold costs traded regular on Thursday with COMEX Spot gold costs had been buying and selling close to $1835 per ounce within the morning commerce. MCX Gold August futures opened weak close to Rs. 50795 per 10 gram pressured by stronger rupee.  yellow metallic has stored vary certain buying and selling under $1840 over aggressive FED price hike expectations and recession fears. Gold costs received some respite with greenback decline and weaker fairness indices. Prices are anticipated to commerce in present vary with lack of contemporary triggers. We anticipate gold costs to commerce sideways to up for the day with COMEX Spot gold assist at $1820 and resistance at $1850 per ounce. MCX Gold August assist lies at Rs. 50600 and resistance at Rs. 51300 per 10 gram.

    Jigar Trivedi, Manager — Non-Agro Fundamental Research, Anand Rathi Shares & Stock Brokers

    Gold could decline though the greenback is buying and selling with the weak undertone. Bullion has been buying and selling in a slender vary for many of this month as merchants grapple with financial coverage tightening by central banks eager to include worth pressures, and the impression of these actions on world development. Powell is because of testify once more in Washington D.C. later as we speak. MCX Gold Aug could fall to Rs. 50650 per 10 gram

    Bhavik Patel, Commodity & Currency analyst, Tradebulls Securities

    Sentiment for gold stays impartial as each bulls and bears are taking part in tug of battle. Bulls are taking part in inflation and secure haven playing cards whereas bears are taking part in rising charges playing cards. With the FOMC assembly out of the best way for this month, merchants are awaiting the latest inflationary knowledge. The US Dollar retracted after the Fed Chairman acknowledged that “the American economy is very strong and is well-positioned to handle tighter monetary policy”.  Likelihood of recession shouldn’t be notably elevated proper now which comforted bulls though gold costs remained vary certain. Gold in MCX is predicted to stay in vary of 50200-51200 and anticipated to stay impartial until subsequent inflationary knowledge comes.

    (The views on this story are expressed by the respective specialists of the analysis and brokerage agency. Financial Express Online doesn’t bear any accountability for his or her recommendation. Please seek the advice of your funding advisor earlier than investing.)

    Source: www.financialexpress.com”

    gold price gold price forecast gold price forecast 2022 gold price forecast for next week gold price forecast monthly gold price forecast today gold price forecast weekly Gold price MCX gold price on 23 June 2022 Gold price outlook Gold Price today gold rate gold rate forecast gold rate on 23 June 2022 Gold rate outlook
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Nisha Chawla
    • Website
    • Facebook
    • LinkedIn

    She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.

    Related Posts

    Snap stock surges on report that Biden may ban TikTok

    March 16, 2023

    Roblox stock up 24% after fourth-quarter earnings report beats estimates

    February 15, 2023

    Elon Musk donated £1.6bn in Tesla stock to charity last year

    February 15, 2023
    Top Post

    Stocks mostly hold steady as Wall Street regains stability

    March 29, 2023

    Governor says Bank of England in period of 'heightened tension'

    March 29, 2023

    Stocks edge lower as some calm remains on Wall Street

    March 29, 2023

    People In These States Are Much More Worried About Their Money And Credit

    March 29, 2023
    Don't Miss
    News

    Due to the failure of the BJP, there is a problem of water supply from the well in the societies

    By Business KhabarJanuary 23, 2022

    Representative Photo Pimpri: The ruling BJP has been continuously doing Chamkogiri to provide additional water…

    Industries

    Australia accuses Airbnb of deceptive clients on value

    By Business KhabarJune 11, 2022

    Australia’s antitrust regulator has filed a lawsuit in opposition to Airbnb Inc, accusing the accommodation-sharing…

    Sports

    Jose Trevino catches a break with injury; Lou Trivino warms up in wrong jersey

    By Bhagyashree SoniAugust 27, 2022

    OAKLAND — Jose Trevino left Friday night time’s recreation after being hit on the best large…

    Sports

    Mike Preston’s Ravens observations on the tight finish surplus, Justin Madubuike standing out, second-year cross rushers and extra | COMMENTARY

    By Bhagyashree SoniJune 9, 2022

    By the tip of voluntary observe Wednesday, the scenario with the Ravens’ tight ends had…

    About Us
    About Us

    Business Khabar: Read latest business news, auto news, technology news, personal finance, industries news, investment & insurance news, startups & success stories.

    We're accepting new partnerships right now.

    Email Us: [email protected]

    Facebook Twitter LinkedIn
    In Case You Missed

    Fenway Park ready to open for the 2023 season Thursday

    March 29, 2023

    Scratch ticket rebound lifts lottery

    March 29, 2023

    Stocks mostly hold steady as Wall Street regains stability

    March 29, 2023
    Last Minute Read

    People In These States Are Much More Worried About Their Money And Credit

    March 29, 2023

    Will the recent banking chaos lead to an economic crash?

    March 29, 2023

    Charitable Tax Deductions: How to Save on Your Taxes

    March 28, 2023
    Facebook Twitter LinkedIn
    • About us
    • Contact
    • Contribute for us
    • Privacy Policy
    • Disclaimer
    © 2023 Business Khabar. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.