Other Markets - Bullion Markets
Gold Rebounds Amid Safe Haven Demand As on : 29-Jul-24  14:02

Gold futures bounced back in Asia, nearing $2400 globally and Rs 68500 domestically, after slipping below Rs 67500 last week following customs duty cuts. MCX gold futures climbed by Rs 229 to Rs 68415 per 10 grams, and MCX silver rose by Rs 414 to Rs 81785 per kilogram. The dollar index fell below 104 as markets await the Fed's policy decision, with expectations of steady interest rates. This week also features crucial policy updates from major central banks, including the Fed, Bank of England, Bank of Japan, and Central Bank of Brazil.

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