Gold Price Today: Yellow metal prices fall by Rs 3,400/10 gm this week, silver down by Rs 3,200/kg
silver December futures contracts were trading at Rs 88,032/kg, down by 0.1.31% or Rs 1,165.
In this week so far, Gold prices have fallen by Rs 3,400/10 grams while silver prices fell by Rs 3,200/kg in the same period.
On Wednesday, gold and silver were on a weaker note in the domestic and international markets. Gold December futures contract settled at Rs 74,482 per 10 grams with a loss of 0.56% and silver December futures contract settled at Rs 89,197 per kilogram with a loss of 0.15%.
Gold and silver extended its fall amid an unstoppable rally in the U.S. dollar and crypto currencies. The U.S. 10-year bond yields also crossed 4.40% levels and made investors away from the precious metals.
The dollar index crossed 106 marks and tested nearly one year highs after Donald Trump’s win in the U.S. Presidential elections. Today, the US Dollar Index, DXY, was hovering near the 106.61 mark, gaining 0.13 or 0.12%.
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