Commodities & currencyEconomic Times
Gold prices drop below Rs 1.4 lakh/10g, silver jumps
Neutral02 sources
GreyOak summary
Gold and silver prices moved in opposite directions on the MCX as the US dollar strengthened. Gold futures fell to Rs 1,39,081/10g, while silver futures rose by Rs 2,320/kg. The decline in gold was driven by stronger-than-expected US inflation data and increased bets on a Federal Reserve rate hike next month.
What it affects
- Multi Commodity Exchange of IndiaMCXNeutral 0
MCX reported silver and gold futures data.Rolling sentiment Positive +15
Source
Read the original at Economic TimesMore Multi Commodity Exchange of India news
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