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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. ....
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 ....
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. ....