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Gold price for 24K purity rallied ₹240 per 10 gram to hit an all-time high of ₹79,640 per 10 gram in India on Monday, October 21.
Expectations of interest rate cuts also supported gold. In the US, market participants are pricing in a 92.6% likelihood of a Federal Reserve rate cut in November, according to the CME FedWatch tool.
Oil prices steadied Friday, helped to a degree by positive U.S. inventory data, but were headed for their worst week since early-September amid growing concerns over weak demand. At 08:30 ET (12:30 ...
Physical gold dealers in India were forced to offer discounts this week, as record high prices dampened demand ahead of a key festival, while discounts in top consumer China narrowed.
The price of oil is the most important value on the international commodity markets. Crude oil is the most important commodity and emerging industrial markets such as China, India and Latin ...