Gold Price Today: Yellow metal prices fall by Rs 2,260/10 gm in a week, silver down by Rs 5,600/kg
Gold prices are displaying weakness, falling by Rs 2,260/ 10 grams in the last one week while silver prices fell by Rs 5,600/kg in the same period.
On Thursday, gold and silver settled on a weaker note in the domestic and international markets. Gold February futures contract settled at Rs 75,651 per 10 grams with a loss of 1.31% and silver March futures contract settled at Rs 87,187 per kilogram with a loss of 3.53%.
Gold and silver extended its fall amid hawkish FED guidance for 2025 and 2026 rate cuts and strong gains in the dollar index. Gold and silver also plunged amid better-than-expected US GDP data and a decline in the US jobless claims.
Today, the US Dollar Index, DXY, was hovering near the 108.42 mark, gaining 0.01 or 0.01%.
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