Sensex
82,380.69 profit arw 594.95 (0.73%)
Nifty
25,239.10 profit arw 169.90 (0.68%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 07-Jun-2024
Other Markets - Bullion Markets
07-Jun-2024     13:11

Gold lingers around $2400 per ounce mark

COMEX Gold futures stabilized near two week high, approaching $2400 per ounce today as overall momentum stayed supported amid sustained weakness in the US dollar. World Gold Council (WGC) stated in a latest update that Gold has posted a third consecutive monthly gain in May, rising by 2% m/m to US$2,348 per ounce. Despite the more moderate gain compared to March and April, gold hit a new all-time high of US$2,427 per ounce mid-month before pulling back ? likely reflecting some profit taking. WGC says that market activity remained supportive during the month, with net long managed money positions on COMEX hitting a four-year high and gold ETFs seeing net inflows (US$529mn) for the first time since May 2023.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

82,380.69 594.95 (0.73%)

Nifty

25,239.10 169.90 (0.68%)

GLOBAL INDICES

USD

NA

NASDAQ
HANG SENG

26,438.52 -8.05(-0.03%)