Gold price today: Gold rates declined in the domestic futures market Tuesday morning on weak spot demand and subdued global cues. Investors restricted their bets ahead of this week’s two major events- the US election on November 5 and the US Fed policy decision on November 7. MCX Gold for December 5 expiry traded 0.11 per cent lower at ₹78,336 per 10 grams around 9:45 am.
In international markets, gold prices declined, indicating prevailing caution among investors ahead of the election outcome and Fed policy decision.
The US election-related uncertainty is keeping investors nervous. Opinion polls indicate a close fight between Democratic candidate Kamala Harris and Republican candidate Donald Trump. A close contest between the two presidential candidates has raised uncertainty as the final outcome could remain unconfirmed for several days after voting.
