Gold Price Today: Yellow metal opens flat at Rs 75,942/10 gm, silver opens at Rs 91,569/kg
silver December futures contracts were trading at Rs 91,569/kg, up by 0.19% or Rs 171.
On Friday, gold and silver settled on a weaker note in the domestic as well as the international markets. Gold December futures contract settled at Rs 75,718 per 10 grams with a loss of 0.70% and silver December futures contract settled at Rs 91,398 per kilogram with a loss of 1.37%.
Gold and silver gained third straight week in the international markets after hefty rate cuts by the U.S. Fed in its September policy meetings and weakness in the dollar index but gold and silver slipped from their record highs due to profit taking at higher levels.
Gold prices hit record highs in the international markets and inching closer to $2,700 per troy ounce levels. Silver prices also hit 11-year highs last week. The dollar index also slipped to 14-month lows and supported gold and silver prices.
Today, the US Dollar Index, DXY, was hovering near the 100.46 mark, gaining 0.08 or 0.08%.
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