COMEX Gold rose to a six week high of $1830 per ounce at the yearend. MCX Gold ended just above Rs 48000 per 10 grams. The yellow metal has seen a wild ride last year and saw a near a 4% decline in annual terms which is its its biggest annual loss since 2015. The trading interest in the metal eased as a strong post-pandemic economic recovery and persistently high inflation prompted major central banks to tighten monetary settings earlier than anticipated. The Federal Reserve committed to end its bond-buying by March and signaled three 25 basis point interest rate hikes in 2022. The yellow metal is, however, well off the lows under $1700 per ounce seen in March 2021 and is currently holding around five week high.
Powered by Commodity Insights
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.