2 min read.Updated: 24 Jun 2022, 10:25 AM ISTLivemint
Gold rates have been been trading in a narrow range over the last one month amid rate hikes by central banks
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Gold and silver prices in India struggled today amid weak global cues. On MCX, gold futures declined to near two-week lows of ₹50,510 per 10 gram. Silver futures were marginally higher at ₹59,510 per kg. In global markets, gold rates were flat at $1,824.72 per ounce and remained on course for their second straight weekly decline. So far this week, gold prices have dropped about 0.9%, on worries of aggressive rate hikes by global central banks to counter runaway inflation. Among other precious metals, spot silver rose 0.4% to $21.02 per ounce but is set for weekly loss.