Gold gains by 0.32% amid global tensions, trades at Rs 76,280 per 10 grams

Gold prices climbed successful the home and planetary markets connected Thursday, driven by escalating geopolitical tensions, a softer US dollar, and declining enslaved yields. The heightened struggle betwixt Russia and Ukraine has fueled safe-haven demand, pushing bullion higher.

On the Multi Commodity Exchange (MCX), December golden futures were trading astatine Rs 76,280 per 10 grams successful the greeting session, up 0.32 percent. Internationally, golden marked its 4th consecutive league of gains arsenic investors remained cautious astir geopolitical risks and awaited clarity connected US involvement complaint policy.

Domestic city-wise golden rates:

• Delhi: Rs 77,400 per 10 grams (24K)
• Mumbai: Rs 76,280 per 10 grams (24K)
• Chennai: Rs 77,150 per 10 grams (24K)
• Kolkata: Rs 76,300 per 10 grams (24K)
• Bangalore: Rs 76,400 per 10 grams (24K)

Prices for 22K golden were astir Rs 1,500–2,000 little per 10 grams crossed large cities.

International trends influencing gold:

Geopolitical developments stay the ascendant origin for gold's rally. Reports of accrued subject activities successful the Russia-Ukraine conflict, alongside imaginable US tariff measures connected China, person bolstered request for precious metals. Meanwhile, easing US enslaved yields and a weaker dollar person enhanced gold’s appeal.

Outlook for investors:

Market analysts item that gold’s caller rebound from oversold levels indicates imaginable for further gains. Domestically, golden could trial absorption levels adjacent Rs 76,440 to Rs 77,500. In the planetary markets, golden prices are expected to hover adjacent the captious absorption portion of $2,680 per ounce.

With uncertainties persisting astir geopolitics and the Federal Reserve's monetary policy, golden remains a preferred safe-haven plus for investors. Silver prices besides followed suit, with marginal gains observed successful some home and planetary markets.