Gold remained under pressure in the international market
Gold Price Today, December 3, 2021: Gold contract on MCX rose 0.36 per cent to Rs 47,570 for 10 grams on December 3 at 11 am.
- Last Update:December 03, 2021, 11:20 am IS
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gold price India Following the global cues, it jumped significantly on Friday, 3 December. On the Multi Commodity Exchange (MCX), the contract of gold rose 0.36 per cent to Rs 47,570 on December 3 at 11 am at 11 am. On Friday, the price of silver also saw a jump. The precious metal futures also rose 0.25 per cent to Rs 61,275 per kg.
However, the yellow metal remained under pressure in the international market. Lack of stimulus and tough stance by the US Federal Reserve on rising interest rates propelled gold in the global market for the third consecutive weekly decline. Spot gold was up 0.2 percent to $1,772.41 an ounce, higher by 0.439 GMT. US gold futures rose 0.6 per cent to $1,773.30, according to Reuters data. The safe-haven metal is down 1.1 per cent in the week so far.
US Federal Reserve Bank of Atlanta President Rafael Bostic said it would be appropriate to end the central bank’s bond-buying program by the end of March, allowing the Fed to raise rates.
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