Futures turn sluggish
New Delhi: Gold prices rose Rs100 to Rs63,300 per 10 grams in the national capital on Friday amid gains in precious metal price globally, according to HDFC Securities. The yellow metal had closed at Rs63,200 per 10 grams in the previous trade. Silver also jumped Rs500 to Rs79,700 per kilogram. In the international markets, both gold and silver were quoting higher at $2,042 per ounce and $25.30 per ounce, respectively. Spot gold at Comex was trading at $2,042 per ounce, up by $2 from its previous close. Traders are expecting that the Federal Reserve would not raise interest rates again and potentially easing monetary policy in the first half of 2024, which will continue to support gold prices, HDFC Securities’ Senior Analyst of Commodities Saumil Gandhi said.
