Gold rates today rise after ₹1,500 fall in just one day, silver edges higher
US Federal Reserve's earlier-than-expected signal on rate hikes have lifted US dollar, reducing the safe-haven appeal of gold
Gold rates are now down ₹9,000 from last year's record high levels
Gold and silver prices edged higher in Indian markets after a steep fall in the previous session. Gold futures on MCX were up 0.33% to ₹47,112 per 10 gram, following a ₹1,500 plunge in the previous session. Silver futures were up 1% to ₹68,330 per kg after a ₹3,800 fall on Thursday. Prices of precious metals, including gold and silver, took a big knock after the US Federal Reserve's earlier-than-expected signal on rate hikes lifted US dollar.
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