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Indian government s Sovereign Gold Bond Scheme 2020-21 - Series XI opens for subscription today.Silver prices have soared in recent days in global markets amid a GameStop-style squeeze ....
URL copied Image Source : ANI Gold Rate Today: Gold prices fall to â¹49,122/10 gram; silver slips to â¹66,000/kg Gold Rate Today: Gold prices fall again; silver slips to â¹66,000/kg, Gold and silver prices slide again for the second day on Friday amid the COVID vaccination drive across the country. Gold futures on the Multi-Commodity Exchange (MCX) contracts were trading lower by 0.24 percent at Rs 49,104 for 10 grams at 09:20 hours. Silver futures fell by 0.75 per cent lower or Rs 503 at Rs 66,145 per kg. Meanwhile, experts suggest that investors should buy gold on dips towards Rs 49,000 for an initial upside target of Rs 49,500. COMEX gold trades little changed near $1,851/oz after a 0.2 per cent decline yesterday. Gold is choppy as support from rising virus cases, disappointing US economic data and hopes of higher US stimulus is countered by higher US bond yields, vaccine progress and continuing ETF outflows ....
Gold prices today fall sharply, silver rates slump ₹900 Premium 1 min read Gold is now down about ₹7500 from record highs Share Via Read Full Story Gold prices fell sharply in Indian markets with MCX February futures slumping below the ₹49,000 level. Gold was down 0.9% or ₹450 to ₹48,860 per 10 gram while silver futures slumped 1.4% or ₹900 to ₹65,127 per kg. The precious metal is now down about ₹7500 from record highs of ₹56,200, hit in August. In global markets, gold prices were lower today amid higher US Treasury yields and a stronger dollar. Gold was at $1,840 an ounce, down 0.3%. Bond yields and the dollar rose today after a report indicated that US President-elect Joe Biden plans a massive Covid-19 relief package of about $2 trillion. ....
Sharp rise in US bond yields and strong US dollar weighed on gold price.Higher bond yields increase the opportunity cost of holding the non-interest yielding gold ....