1 min read.Updated: 21 Jul 2022, 09:54 AM ISTLivemint
In India, the fall in gold rates has been less steep due to the recent import duty hike on the yellow metal.
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In global markets, gold rates today fell to lowest in nearly a year, buffeted by an elevated US dollar. Prospects of more interest rate hikes by major central banks also weighed on bullion's appeal. Spot gold today fell to $1,691.40, the lowest since August 2021. A stronger US dollar makes greenback-priced bullion more expensive for buyers holding other currencies.
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