Gold And Silver Price Update: Gold prices fell sharply in the domestic markets on Wednesday as prices adjusted in line with global markets. A fall in US bond yields limited the losses. Prices were impacted by a stronger US dollar and concerns about further rate hikes by the Federal Reserve.
On MCX, gold futures were trading at Rs 52,122 per 10 grams, down 0.88 per cent or Rs 463. However, silver futures fell by 1.91 per cent or Rs 1,132 to Rs 58,144 per kg.
According to the Indian Bullion and Jewellers Association, gold of the highest purity was sold at Rs 52,461 per 10 grams while silver was sold at Rs 58,352 per kg in the spot market.
Gold has also slipped in the global market due to the strengthening of the dollar and the fear of rate hike. It reached $ 1798, down 0.96 percent. Talking about silver, its price reached $ 20.41, down 2.08 percent. Copper fell 1.39 per cent to $362.
Aluminium Price Also Witnesses Fall
Among other precious metals, aluminum and zinc also declined. Aluminum was down 3.41 per cent at $2435. The price of zinc reached $ 3589. WTI crude slipped 2.91 per cent to $89.41 per barrel.
Also Read – Stock Market Update Today: Today’s Top Gainers
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
