1 min read.Updated: 25 Jul 2022, 10:25 AM ISTLivemint
In India gold rates had scaled ₹55,000 in March before seeing a sharp drop
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Gold and silver rates today fell in Indian markets, tracking weak trend in global markets. On MCX, gold futures fell to ₹50,622 per 10 gram while silver dropped 0.5% to ₹54,865 per kg. In global markets, gold was holding steady near $1,725.17 per ounce, supported by a slight pullback in US dollar and lower Treasury yields. This week, the traders would be keeping their focus on US Federal Reserve's two-day policy meeting which ends on Wednesday. Market observers are expecting a 75 bps rate hike.
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