Gold price jumps as US inflation soars to record high. Good opportunity to buy?
Gold price today: After trading listless throughout the week and hovering in a narrow band, gold prices finally managed to post strong gains towards the close of the week. Gold future contract for August expiry on Multi Commodity Exchange (MCX) ended at ₹51,694 per 10 gm, logging ₹689 gain in single session. After trading range-bound for the entire week, spot gold price finally gave breakout at $1865 per ounce levels on closing basis.