Gold Rebounds: Smart Entry Points as Markets Pause Between Wedding Season and Fed Data
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This is your Daily Gold Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Gold Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on gold prices, whats driving the market, and some smart tips to help you make the most of it.
Right now, gold futures are opening strong at around four thousand nine hundred ninety dollars per troy ounce, up from yesterdays close of four thousand nine hundred forty-eight dollars. Thats a nice point eight four percent bump, according to Money.com reports. On the MCX in India, gold is holding steady near one point five eight lakh rupees for ten grams, or about fifteen thousand eight hundred fifty-four rupees per gram for twenty-four karat gold, with a tiny dip of one rupee from yesterday, as Sunday Guardian Live notes. Cities like Delhi, Mumbai, and Kolkata are seeing the same rates, while Chennai holds a slight premium at around fifteen thousand nine hundred eighty-four rupees per gram.
After a sharp drop yesterday that had everyone talking, golds rebounding today amid volatility. RoboForex analysis points to consolidation between four thousand nine hundred fifty and five thousand fifty dollars, with eyes on US inflation data that could sway the Fed's next moves. In India, were in a healthy pause after a four-day rally, supported by wedding season demand and jewellery buying.
Heres your takeaway: if youre thinking long-term, this consolidation is a great entry point for digital gold SIPs on apps like PhonePe or Tanishq DigiGold, or even gold ETFs. Avoid chasing highs, but watch support at fifteen thousand five hundred rupees or four thousand nine hundred dollars. Its still your best inflation hedge.
Thanks for tuning in, friends. Subscribe, share with a buddy, and catch you next time on Daily Gold Price Tracker!
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