Gold price hovers near 2-month low on strong dollar. Should you buy?2 min read . Updated: 28 Feb 2023, 10:34 AM IST
- Gold rate today has immediate support placed at $1,785 to $1,780 per ounce levels in international spot market
Gold rate today: On account of strong US dollar and hawkish US Federal Reserve amid rising US inflation concerns, gold prices continue to remain under sell off pressure and hover around 2-month lows. Gold price today opened lower in domestic market at ₹55,402 per 10 gm and went on to hit further lower levels in early morning session. The yellow metal price corrected in international spot market as well and made intraday low of $1,813.94 per ounce in morning deals on Tuesday session. However, US dollar rate continued to remain strong on US Fed interest rate hike speculations. After witnessing some profit booking on Monday, Dollar Index regained momentum in early morning session and added 0.12 per cent and hit 104.750 levels.
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