Gold costs were steady at Rs 51,051 per 10 grams in the Mumbai market on strength in the US dollar and weak global cues. The yellow metal has been consolidating
According to the latest data, the US dollar has strengthened thanks to haven demand for Wall Street’s US dollar assets. However, a stronger USD didn’t help commodities. The Australian dollar
China’s imports of commodities decreased in August as the buying spree in copper and oil significantly reduced, and high prices for iron ore witnessed about 11% loss from July’s high.
On Monday, gold increases after dipping on a strong dollar. Spot Gold rose 0.20% at $1,937, while COMEX Gold Future was trading more than 0.55% at $1,944 per troy ounce.