Gold rate today: Following the easing geopolitical tension after the ceasefire news regarding the Israel-Hezbollah war, gold prices continue to witness selling pressure during early morning deals. MCX gold rate for the December 2024 future contract opened downside at ₹75,501 per 10 gm and touched an intraday low of ₹75,444 within a few minutes of the Opening Bell. However, the precious yellow metal witnessed value buying and pared some early morning losses. At 9:54 AM, MCX’s gold rate was at ₹75,590 per 10 gm mark, around ₹4,000, away from the lifetime high of ₹79,535.
According to commodity market experts, the gold price today is in range, and a bullish or bearish trend can be assumed on the breakage of either side of the current range. They said that the MCX gold rate today is ₹75,500 to ₹76,700 per 10 gm, whereas the spot gold price is$2,680 to $2,715 per troy ounce.
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