1 min read.Updated: 05 Jul 2022, 11:27 PM ISTLivemint
The dollar rose to its strongest level in more than two years, making commodities, including gold, priced in the currency less attractive
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Gold prices fell sharply in India today amid tumble in global commodity prices. On MCX, gold futures fell 1.6% or ₹830 per 10 gram to ₹51,292 per 10 gram while silver slumped 2.7% to 56916 per kg. In global markets, gold today lost more than 2% to sink further below the important support level of $1,800 per ounce.