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Commodity Mid Session News

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(01 Jan 2026, 14:08)

Gold trades flat in local markets

MCX Gold futures are witnessing very choppy moves today as lack of cues from global markets is capping activity. The counter is up marginally at Rs 135565 per 10 grams. COMEX Gold futures continue to see selling pressure amid heavy volatility this week. The US dollar index edged up a bit after the minutes of the Federal Reserve's latest monetary policy meeting revealed participants expressed a "range of views" about the restrictiveness of the Fed's current monetary policy stance. Some participants also felt it would likely be appropriate to keep rates unchanged for "some time" following the quarter point rate cut at the December meeting. The precious metal closed at $4332 per ounce, down around 1.24% on the day but rose around 65% last year.
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