2 min read.Updated: 24 Aug 2022, 01:48 PM ISTLivemint
Gold prices have been under pressure after some Fed officials reiterated the US central bank's focus on controlling inflation
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Precious metal rates in India remained subdued amid weak global trend. On MCX, gold futures were down 0.2% to ₹51,322 per 10 gram, the sixth decline in seven sessions, while silver dropped below the key level of ₹55,000 per kg. In global markets, the yellow metal edged lower to $1,746 per ounce amid a firm US dollar. Traders remained cautious ahead of ahead of central bankers' Jackson Hole symposium due later this week where Fed chief Jerome Powell will also be speaking.
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