Following US inflation data, the gold price swings in a range. Should you purchase it?
Today’s gold rate: On the Multi Commodity Exchange (MCX), gold prices dropped below 58,000 per 10 gm due to fresh concerns about US Fed rate hikes following higher-than-anticipated US inflation figures. The yellow gold did, however, experience some buying activity at lower levels, recovering to a high of 58,018 per 10 gm and returning to…