Gold rates edge higher across major Indian cities as MCX futures gain on Fed cut expectations

Gold prices rose across India as MCX futures climbed 1.13%, with 24K rates near ₹1.27 lakh and long-term gains staying strong despite city-wise retail variations.

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Gold rates edge higher across major Indian cities as MCX futures gain on Fed cut expectations

Gold rates edge higher across major Indian cities as MCX futures gain on Fed cut expectations
Gold prices strengthened across India heading into November 29, supported by gains in the domestic futures market and rising expectations of a US Federal Reserve rate cut next month. MCX Gold December futures closed 1.13% higher at ₹1,26,920 per 10 grams on November 28, while silver March contracts settled 0.21% higher at ₹1,75,340 per kg. India Bullion data showed 24 carat gold at ₹1,27,580 per 10 grams early Saturday and 22-carat gold at ₹1,16,948, with silver trading at ₹1,72,740 per kg. 
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