Gold prices down ₹1,000 from recent highs, falls for third day in a row
Gold rates in India had crossed ₹55,000 per 10 gram before seeing some selling pressure
Gold prices fell for the third day in a row in Indian markets as sentiment remained weak after Fed signalled that interest rates could remain higher for a long period. On MCX, gold edged lower to ₹54026 per 10 gram while silver fell 0.3% to ₹67,610 per kg. Earlier this week, the yellow metal rose to nine-month highs when it rose above ₹55,000 per 10 gram.
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