Gold prices fell, pay so many thousand rupees to buy!
gold prices fell in the domestic futures market on thursday morning. The demand for gold decreased due to the strong US dollar and the rise in bond yields. According to a report, the dollar index strengthened by 0.2 percent, while the 10-year US Treasury yield also rose, making gold less attractive to investors. gold for april delivery on MCX was trading 0.12 percent lower at Rs 85,772 per 10 grams.
Impact of Trump's policies
US President Donald Trump's trade policies, macroeconomic data, fluctuations in the dollar and bond yields can affect the trend of gold. Today, several Fed officials will share their views, which may give indications about the direction of US interest rates this year. On Friday, the US Fed's favorite inflation index - Personal Consumption Expenditure (PCE) data will be released, which will shape market expectations about interest rates.
US economy slowing down
Recently released economic data indicates that the US economy is slowing down. The US business Activity Index hit a 17-month low in February. S&P Global's US Composite PMI Output Index, which tracks manufacturing and service sectors, came in at 50.4, the lowest since september 2023. New home sales in the US fell more than 10 per cent to 6,57,000 units in january from 7,34,000 in December. On an annual basis, new home sales fell by about 1 per cent.
What is the rate in your city?
Talking about the price of gold in delhi today, it is Rs 87983.0 per 10 grams. At the same time, yesterday i.e. on 26-02-2025, the price of gold was Rs 88053.0 per 10 grams and last week on 21-02-2025, the price of gold was Rs 88223.0 per 10 grams. At the same time, if we talk about the rate of gold in Lucknow, today the price of gold there is Rs 87999.0 per 10 grams. Yesterday on 26-02-2025, the price of gold was Rs 88069.0 per 10 grams, whereas, last week on 21-02-2025, the price of gold was Rs 88239.0 per 10 grams.
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