Spot gold fell 0.6% to $2,338.19 per ounce, as of 8:58 a.m. ET. U.S. gold futures lost 0.1% to $2,360.7. The U.S. dollar index rose 0.5% and U.S. Treasury yields spiked after the data, making non-yielding bullion less attractive.
Spot gold was down 0.3% at $2,291.88 per ounce as of 10:04 a.m. EDT (1406 GMT), after hitting a record high of $2,304.09 earlier in the day. U.S. gold futures fell 0.3% to $2,308.30. Strong central bank buying and safe-haven inflows amid growing geopolitical tensions have boosted demand for gold, helping to drive the price up more than 25% since October.
Gold prices surged by Rs 1,070 to hit an all-time high of Rs 68,420 per 10 grams in the national capital on Monday amid a rally in the precious metal in global markets, according to HDFC Securities. The precious metal had closed at Rs 67,350 per 10 grams in the previous trade.
Gold Price Per Gram: Gold prices surged by Rs 1,070 to hit an all-time high of Rs 68,420 per 10 grams in the national capital on Monday amid a rally in the precious metal in global markets, according to HDFC Securities. The precious metal had closed at Rs 67,350 per 10 grams in the previous trade.
The April gold futures were trading at Rs 61,954 per 10 grams on the MCX at 11.30 am and were down by Rs 50 or 0.08% from Monday s closing price. Meanwhile, the March Silver futures were trading at Rs 71,130 per kg and were lower by Rs 176 or 0.25% around this time.