Gold is trading on a flat note, silver is up 0.5%


Gold and silver prices today: Gold futures for December delivery rose 0.22% to an intraday high of Rs 46,605 per 10 grams on the Multi Commodity Exchange. On the spot market, fine gold with a purity of 24 karat was priced at Rs 46,430 per 10 grams, 22 karat gold was sold at Rs 45,320, 18 karat gold was priced at Rs 37 610 and 14 karat gold was retailed at Rs 29,950, according to the Indian Bullion and Jewelers Association.

Gold prices edged up on Friday as a slight drop in US bond yields supported rising expectations of faster-than-expected increases in US interest rates, which also pushed the dollar to a multi-month high. .

Returning home, the Indian rupee lost 5 paise to 74.17 against the US dollar when trade opened on Monday, in line with its Asian peers amid a strengthening US dollar in the US market. overseas.

In the interbank forex market, the rupee opened at 74.16 against the dollar, then fell further to 74.17, recording a decline of 5 paise from its previous close.

Gold prices have fallen in domestic markets as demand for risky assets is booming due to stable stock markets as the economy reopens, analysts said.

Meanwhile, silver witnessed buying interest as MCX futures rose 0.61% to Rs 60,923 per kilogram. In the spot market, silver was sold at 59,581 rupees per kilogram, according to the IBJA.

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