2 min read.Updated: 28 Apr 2022, 03:49 PM ISTLivemint
Gold has been under pressure as the dollar rallied on expectations of aggressive monetary policy tightening by the U.S. Federal Reserve
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Gold and silver rates today remained under pressure in Indian markets amid a bearish global sentiment in precious metals. On MCX, gold futures were flat at ₹51,197 per 10 gram, after falling to near two-month lows of ₹50,800 in early trade. Silver rates slumped 0.6% to ₹64,895 per kg. The dollar index is at five-year highs. A stronger dollar makes greenback-priced gold less attractive for other currency holders.
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