Gold surged to record high this week in MCX as weak US economic data and US regional banking jitters have given bulls the boost needed to break out from the last 2 months consolidation. The breakout has been spectacular and has baffled many traders with the ferocity of the move. Gold hits record high at near $2200 an oz India Gold hits all time high above Rs 66,000/10gms .Biggest weekly percentage rise since Mid October .Prices +4% over week, +8% on month. Traders see near 70% chance of 25bps rate cut. Catch Manisha Gupta with more details
first published: Mar 11, 2024 01:09 pm
A collection of the most-viewed Moneycontrol videos.
EU Ramps Up Ukraine Aid, Tomahawk Missiles as Trump-Putin Ceasefire Talks Risk Donbas Territory Loss
Samvat 2082 LIVE | Muhurat Trading LIVE | Diwali 2025 | Investment Strategies
Samvat 2082: What To Expect In The New Year | Diwali Muhurat Trading
Diwali Cheer Extends For Fourth Day| Nifty Hits 25,900 Intra-day, Banks Party| Closing Bell Live
Is it a good time to enter Bajaj Finance post Q3 business update? | Opening Bell
Live: Gold hits record high again; Will it glitter further or consolidate? | Commodities Corner
Gold prices near all-time high — Key reasons for the surge and what lies next? | Commodities Corner
India consumes 4000 tons of Avocado’s per year| Reasons behind the rising demand | Commodities Corner
Gold sprints to record high as Fed sticks to 2024 rate-cut projections| Commodities Corner
You are already a Moneycontrol Pro user.