Gold price today: Rates decline on profit booking; experts unveil strategy for MCX Gold | Stock Market News
Gold price today: Gold rates declined in the domestic futures market Thursday morning despite positive global cues after the US inflation data came on expected lines, raising hopes for a 25 bps rate cut by the US Federal Reserve next week on December 18.
In international markets, gold rose for a fifth straight session on Thursday to hover near a more than two-week peak, reported Reuters. This was supported by increased expectations of an interest rate cut from the Federal Reserve next week after US inflation data came in line with forecasts.
