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Gold Price Today And Silver Price Today: Gold hovered near a fresh seven-month low on Wednesday, with the dollar perched at a two-decade peak, as investors continued to snub bullion and look to the greenback for safety amid growing anguish over a worsening global economic outlook. ....
Gold prices fall for 2nd day, down ₹9000 from peak; silver up Premium 2 min read Share Via Read Full Story Gold prices declined in Indian markets for second day despite positive global cues. On MCX, gold futures were down 0.1% to ₹46,762 per 10 gram while silver rose 0.21% to ₹69,490 per kg. In the previous session, gold had inched 0.22% lower while silver fell 1.5%. Gold has been under pressure this year on fears that prospects of a faster economic recovery will ignite inflation and lead to rising lending rates, especially in the US, where Congress is moving forward on a $1.9 billion stimulus plan. In August, gold had hit a record high of ₹56,200 and has been under pressure since then. ....
Gold prices today struggle for 3rd day, down ₹9000 from record high, silver up Premium 1 min read Share Via Read Full Story Gold prices remained weak for the third day in Indian markets today in tandem with softer global rates. On MCX, gold futures were up 0.17% to ₹47,398 per 10 gram while silver futures gained 1% to ₹69,900 per kg. In the previous two sessions, gold had lost about ₹800 per 10 gram. In global markets, gold eased today after a jump in US Treasury yields, which hit nearly 11-month high. Gold fell 0.2% to $1,820 an ounce. Higher bond yields increases the opportunity cost of holding non-yielding assets like gold. ....