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Economy

Gold prices on Monday: Check 24 karat, 22 karat rates in Delhi, Mumbai, Bengaluru, Kolkata, other cities on December 1

On December 1, gold prices surged due to strong global market trends and expectations of interest rate cuts from both the US Federal Reserve and the Reserve Bank of India. MCX gold futures for December delivery rose by 0.47% to ₹1,26,100 per 10 grams, while silver prices also increased, reflecting robust demand and positive market sentiment.

Gold prices on Monday: Check 24 karat, 22 karat rates in Delhi, Mumbai, Bengaluru, Kolkata, other cities on December 1

Credit: Livemint

Key Highlights

  • MCX gold futures rose by ₹596 to ₹1,26,100 per 10 grams on December 1.
  • Silver prices increased by ₹1,183 to ₹1,63,650 per kilogram.
  • Gold prices have increased by 1,500% over the past two decades.
  • The RBI's Monetary Policy Committee will meet on December 3-5 to discuss interest rates.
  • The US Federal Open Market Committee will meet on December 9-10 to review the federal funds rate.
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Sources

  1. Gold prices on Monday: Check 24 karat, 22 karat rates in Delhi, Mumbai, Bengaluru, Kolkata, other cities on December 1
  2. Gold rate today: MCX gold jumps nearly 1%; US Fed, RBI MPC in focus; experts highlight key levels to watch

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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