Gold Price Today: Yellow metal opens flat at Rs 77,971/10 gm, silver opens at Rs 97,450/kg
silver December futures contracts were trading at Rs 97,450/kg, up by 0.51% or Rs 490.
On Wednesday, gold and silver settled on a weaker note in the domestic and international markets. Domestic markets were also settled on a weaker note. Gold December futures contract settled at Rs77,812 per 10 grams with a loss of 1.07% and silver December futures contract settled at Rs96,960 per kilogram with a loss of 3.01%.
Gold and silver showed profit taking from record higher levels after strong gains in the dollar index and the U.S. 10-year bond yields.
Uncertainties over U.S. elections increased safe-haven demand for the U.S. dollar and bond investments. The dollar index hit 3-month high and crossed 104 marks while the U.S. 10-year bond yields also crossed 4.25% levels.
Today, the US Dollar Index, DXY, was hovering near the 104.34 mark, falling 0.09 or 0.08%.
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