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Gold Price Today: Yellow metal rates remained sluggish on Wednesday
Yellow metal prices continued to remain flat in India on Wednesday even as international rates maintained their stability, days ahead of the jobs data to be declared by the United States of America later this week.
On Multi Commodity Exchange, gold August futures were trading flat, much below the Rs 47,000-mark, at Rs 46,550. In the previous session, gold futures ended at Rs 46,555 per 10 gram.
Silver September futures were trading at Rs 68,340 per kg, slightly more than the previous close of Rs 68,274 per kg.
Internationally, spot gold was at $1,761.80 per ounce, even as US gold futures fell to $1,761.80.
Gold prices were set to post their worst month since November 2016 on the US Federal Reserve’s shift to a hawkish policy stance.
Amid a hard policy stance adopted by the US Federal Reserve, there is a likelihood that gold prices could face rough weather.
