Gold Price Today: Check Yellow Metal Latest Price In India, Dubai, Singapore, USA
Gold Price Today: As the lockdown protocols in China are facing a backlash from people traders are getting concerned about the price of Gold. The price in November has been better than the previous month. It saw a surge during the month.
There are a few major points that will be affecting the strength of gold metal:
1. Concerning geopolitics
2. The strength of the US dollar
3. Rising inflation
4. Risk of recession in big economies
5. The imposition of the Central Bank’s interest rates
The major challenge for the yellow metal right now is to defeat inflation. Till the time inflation keeps on growing, the banks with increase rates and cut down balances, impacting the price of gold adversely. However, if the rules are changed and the monetary policy is revised, the gold market will enter a bullish momentum.
Gold Price In India
The price of yellow metal in India has seen a slight change following the Rs 90 increase from yesterday. The 24K gold is at 52,970 INR per 10 gms. Whereas 22K gold is selling at 48,460 INR, per 10 gms, which is also an increase of Rs 90. Thus, the metal price is 4,855 INR per gram in terms of 22k. The market for yellow metal was continuously high last week before falling on Monday.
Gold Price In Dubai
Gold price in Dubai has decreased drastically today after soaring high on Tuesday. 24K gold price in Dubai is 2,125.00 AED per 10 grams. 22K of gold per 10 grams is costing 1,997.50 AED. Thus, per gram of 24K gold is 212.50 AED and per gram of 22K gold is 199.75 AED.
Gold Price In Singapore
Each gram of 24K gold is priced at 77.40 SGD, whereas, 22K gold per gram is costing 71.05 SGD.
Gold Price In the USA
Per gram of gold is costing 1,755.92 USD.
Conclusion
FED’s Jerome Powell speech after November will be an event to eye on for traders and buyers of gold. Where traders will be expecting the price to rise policies, the buyers will be looking for a statement that makes it more economical for them.
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