2 min read.Updated: 16 Sep 2022, 04:51 PM ISTLivemint
Gold rates today struggled near two-year lows amid elevated US dollar and prospects of aggressive US rate hikes
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Gold prices in India remained near 6-month lows as MCX futures fell sharply to ₹48,951 per 10 gram at day's lows. Silver futures dipped 0.4% to ₹56,194 per kg. On Thursday, gold had tumbled 1.4% while silver 1% in Indian markets, tracking a global selloff in precious markets. Gold is down about ₹1,500 so far this week, from Monday's highs. Gold is an international commodity, and it is priced in US dollars. So, the price movement of the yellow metal in India is closely linked to the greenback and import duties.
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