Gold price today rises above Rs 53,500-mark in India.
Gold Price Today, March 8, 2022: On the Multi Commodity Exchange (MCX), gold futures rose 0.3 per cent to Rs 53,532 for 10 gram. What should investors do now?
- Last Updated:March 08, 2022, 11:46 AM IST
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Gold price in India remained above Rs 53,500-mark on Tuesday. As rupee hit lifetime low, the gold jumped to its highest level in over a year during the previous session. On the Multi Commodity Exchange (MCX), gold futures rose 0.3 per cent to Rs 53,532 for 10 gram at 1115 hours on March 8, 2022. Silver price also rose on Tuesday. The precious metal future soared 0.38 per cent to Rs 70,235 for a kilogram on March 8.
In the international market, gold price dipped from key $2,000-mark on Tuesday. Spot gold was down 0.5 per cent at $1,988.78 per ounce by 0447 GMT after hitting 19-month high during the previous session. US gold futures were down 0.2 per cent to $1,992.40.
As the United States and its allies has continued to impose sanctions on Russia, investors now pause to readjust and reassess the impact of Russia-Ukraine war. The dollar index held close to a 21-month peak hit on Monday
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