gold price on november 28 2024 prices to be determined by dollar index geopolitical situation 24k gold rate

Gold terms astatine the adjacent of the greeting league connected the MCX traded with gains of arsenic overmuch arsenic 0.27 per cent oregon Rs 203 astatine Rs 75,963 per 10 gm. 24K gold, however, successful the carnal marketplace was down Rs 160 to Rs 77,350 per 10 gm.

After breaching Rs 78,000 per 10 gm level past week connected the gaining geo-political tensions has been connected a roller coaster thrust this week. Post a crisp autumn to the tune of 3 per cent, golden has been recovering and has risen astir Rs 750 per 10 gm successful 2 days. The crisp losses came amid quality astir ceasefire talks betwixt Lebanon and Israel.

Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities said, Gold prices exhibited important volatility, starting connected a weaker enactment but rapidly uncovering enactment amid renewed geopolitical tensions betwixt Russia and Ukraine, which proceed to bolster safe-haven buying. 

Immediate enactment is astatine $2,625, portion absorption lies astatine $2,655–2,665. A decisive autumn beneath $2,620 could thrust prices toward $2,580, portion a breakout supra $2,665 could trigger a crisp rally toward $2,690.

Dollar scale movements and geopolitical updates volition apt support gold's momentum uncertain successful the abbreviated term, helium added.