Connect with us

National News

Grand opening of Joyalukkas Showroom in Jodhpur, Rajasthan

Published

on

Joyalukkas has expanded its presence with the grand opening of a new showroom in Jodhpur, Rajasthan. The inauguration ceremony was graced by . Vanita Seth, Mayor of Jodhpur Nagar Nigam (South), alongside Joy Alukkas, Chairman and Managing Director of Joyalukkas Group, and  Thomas Mathew, Executive Director of Joyalukkas

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

National News

MCX Gold Futures Trade Near ₹1.42 Lakh Amid Dollar Strength and Fed Rate Cues

Persistent Inflation Concerns and Hawkish Policy Cues From The US Federal Reserve Continue To Weigh On Non-Yielding Bullion.

Published

on

Multi Commodity Exchange (MCX) gold futures for the December contract traded in the range of Rs 1,42,324 to Rs 1,43,150 per 10 grams, reflecting recent market pressure driven by a stronger US dollar and expectations of high-for-longer interest rates from the US Federal Reserve.

Key Market Highlights

MCX December Gold Futures: ~Rs 1,42,324 – Rs 1,43,150 per 10 gramsMCX Benchmark (Previous Close Range): ~Rs 1,44,100 per 10 grams. Domestic Physical Rates: Rs 1,43,290 per 10g (24K) | Rs 1,31,350 per 10g (22K).

COMEX Gold (International Reference): ~$4,068.70 per ounce

Market Drivers

US Fed Rate Outlook: Persistent inflation concerns and hawkish policy cues from the US Federal Reserve continue to weigh on non-yielding bullion.

Firm US Dollar: A strengthening US dollar has increased the cost of dollar-denominated gold across global and domestic markets.

Festive Domestic Demand: Local buying ahead of Dhanteras and the festive season continues to provide intermittent support, cushioning broader price pullbacks.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x