Mumbai 24K Gold Jumps Rs 430 to Rs 1,46,660 as US-Iran Talk Progress Sinks Oil
Updated
Updated · News18 · Jun 22
Mumbai 24K Gold Jumps Rs 430 to Rs 1,46,660 as US-Iran Talk Progress Sinks Oil
3 articles · Updated · News18 · Jun 22
Summary
Rs 1,46,660 per 10 grams marked Mumbai’s 24K gold price on June 22, up Rs 430, while 22K gold rose to Rs 1,34,450.
MCX August gold futures gained 0.34% to Rs 1,47,703 and MCX July silver rose 0.98% to Rs 2,35,468 per kg as Brent crude fell more than 1%.
Spot gold added 0.4% to $4,176.34 an ounce after Iran said talks with U.S. officials in Switzerland made good progress; Qatar and Pakistan said both sides agreed to a 60-day roadmap.
The oil drop eased inflation worries, but hawkish Federal Reserve signals kept a lid on bullion because higher interest rates reduce the appeal of non-yielding gold.