1 min read.Updated: 23 Sep 2022, 11:55 PM ISTLivemint
Gold rates: Analysts say that the base trend for the precious metal remains negative owing to monetary tightening outlook by central banks
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In India, gold futures fell to six-month low ₹49,250 per 10 gram while silver contracts tumbled, tracking a weak global trend. In global markets, gold fell more than 1% to their lowest in two years as a combination of robust dollar and elevated US bond yields diminished the appeal of the precious metal. Spot gold was down 1.3% at $1,648.59 per ounce. Spot silver dropped 2.9% to $19.09 per ounce.
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