Mumbai, Feb. 1 -- MCX Gold is hovering around Rs 82400 per 10 grams mark after witnessing a spike above Rs 83000 per 10 grams mark amid the Union Budget volatility. COMEX gold fell from fresh lifetime highs yesterday as investors turn risk averse amid lack of clarity on Trumps tariff plans. The dollar index staying steady above 108 mark is however limiting upside in the counter. December's Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation gauge, increased in December as expected, surpassing November's number. However, on a yearly basis, Core PCE remained unchanged from the previous figures. Local market was expecting a change in import duty on precious metals. In the July 2024 budget, the government sla...
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