Gold Prices Surge Amid Rupee Devaluation: Key Factors to Consider

Precious Metals Post Marginal Gains Amid Stronger US Dollar

Precious metals posted marginal gains on June 23, despite a stronger US dollar, as investors booked profits. Investors now closely await key macroeconomic cues.

Domestic spot gold fell by Rs 780 to Rs 1,46,000 per 10 grams of 24-carat purity. The international price also slipped, hovering around $4,140 per ounce.

The MCX gold futures for the August contract fell to an intraday low of Rs 1,46,398 per 10 grams, but recovered some of those losses to trade at Rs 1,46,980 (17:46 IST), down 0.27 percent from the previous close. The India Bullion and Jewellers Association pegged the standard price of 24-carat gold at Rs 1,45,583 per 10 grams in their evening rate session, which is a marginal increase of Rs 71 from its morning price.