Gold Prices Today: Precious metal to remain volatile ahead of the Fed chairman’s speech.
Gold and silver will remain volatile ahead of the Fed chairman’s speech, with support for the yellow metal at around Rs 55,660-55,440, says Manoj Kumar Jain of Prithvi Finmart Commodity Research.
Gold was trading steady in Indian and international markets on January 10 morning, with cautious traders focusing on Federal Reserve chairman Jerome Powell’s speech for insights into the US central bank’s rate-hike trajectory.
At 9.56 am, gold was trading flat on the Multi Commodity Exchange (MCX) at Rs 55,862 for 10 grams. Silver was down 0.6 percent at Rs 68,490 a kilogram.
Spot gold held its ground at $1,872.79 a troy ounce at 0333 GMT while US futures were trading flat at $1,877.70.
