Gold Transactions

Spot gold at the time of the MCX closing was trading at $2624, up around 0.55 per cent on the day. The MCX December Gold contract at Rs 75,152 (LTP) was up nearly 0.30 per cent.

Gold price today: Gold prices are expected to be highly volatile on geopolitical worries and crucial nonfarm payroll report.

UBS analysts have raised gold's target to $2,750 per oz by end-2024 (from $2,600 per oz), $2,850 per oz by mid-2025 (from $2,700 per oz), and $2,900 per oz by end-3Q25 (from $2,750 per oz)

US yields and the US Dollar Index surged on no recession talks, which sent the yellow metal to $2547 in today's Asian session.

Spot gold surged to a fresh record high of $2465 on July 16 as traders continued to pile into the metal on Fed rate cut bets.

The MCX Gold August contract was down by 0.11 per cent at its LTP of Rs 72,193. Risk appetite remains weak as wider markets swoon

MCX is primarily a venue to trade gold, silver, crude oil and base metal futures contract in India, a leading importer of these commodities

The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 59,820, Rs 59,670, and Rs 60,220, respectively

During the meeting, while Kerala and Karnataka wanted e-way bill for inter-state movement of goods, Gujarat and Bihar felt it was not practical and feasible

Currently, transaction in paper gold is available in the form of exchange-traded fund

Under the PMLA, every reporting entity is required to maintain a record of all transactions of value exceeding Rs 10 lakh