Gold rates today at four-week high. Should you buy in this rally?


Source: livemint.com livemint.com

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Gold rate today: On account of weak US economic indicators creating rate pause buzz by the US Fed in upcoming September meeting, gold prices witnessed sharp upside move in the later part of the week gone by. Gold future contract for the month of October 2023 on Multi Commodity Exchange (MCX) ended at 59,410 per 10 gm levels. In international market, spot gold price ended at $1,939 per ounce levels. Likewise, silver prices on MCX for September expiry finished at ₹73,514 per kg levels whereas in the international spot market, silver rated ended at $24.16 per ounce levels. According to...