Click it and Unblock the Notifications
Gold for Feb delivery on the MCX was trading down Rs 29, at Rs 29,710. Gold in the international market was also marginally down at $1262.
On Wednesday, the US Federal Reserve said that it would be reducing its bond purchase programme by $10 billion to $65 billion each month.
The reduction in the bond purchase programme also results in less liquidity, which is not good for asset classes like equities and gold.
In 2013, a lot of liquidity was unleashed by the US Federal Reserve and a lot of this money found its way into assets like equities, which drove stocks from Europe to the US, to record highs. However, gold did not manage to attract a lot of money and international prices of gold fell for the first time in 12 years in 2013.
GoodReturns.in
More From GoodReturns
MCX, Retail Gold Rates in India Cross Rs 1.50 Lakh/10g; Will Gold Price Today Sustain Rally on 2 April?
Fresh Drop in Gold Rate Today; Silver Stable: Latest 22K, 24K, 18K Gold & Silver Prices in Delhi on 30 March
Big Jump in Gold Rate Today; Rising Nearly Rs 20,000/24K per100g; Silver Above Rs 2.5 Lakh in Delhi on 1 April
Gold Price Today, April 3: 22K, 24K Rates Jump Across Tanishq, Malabar, Kalyan & Joyalukkas & IBJA
Gold Rate in India After 20% Slide from Record Highs; Will Gold Price Today Jump to Rs 1.50 Lakh on 30 March?
Jump of Over Rs 41,000/24K in Gold Rate in India Over Four Sessions; Will Gold Price Today Hit Rs 1.50 Lakh?
Gold & Silver Rates Today Live: 10 Grams Gold Above Rs 1.51 Lakh, Physical Silver Price Gains By Rs 5,000
Gold Price in India Rallies Rs 47400/100 Gm in 5 Days Amid Rupee Fall, Iran-US War, Silver Shines | March 31
No April Fool! Gold Rates In India Starts Month With A Bang, Rises By Rs 20,000 Today, Silver Rates Jump Too
Gold Rate in India Today Takes U-Turn! 24K Crashes After Rs 84,000/100 Gm Jump In 7 Days, Silver Falls Too
Gold Prices Today: Bangalore, Chennai, Hyderabad See Fresh Moves in 24K, 22K, 18K Rates & Silver on March 31
Sign in with Google