Current Gold Price: Gold Declines For Second Day, Silver Follows
Gold prices in Delhi declined for a second straight day. Traders said a fall in demand in the domestic bullion markets hurt the sentiment. Gold prices in Delhi came down to trade above the Rs 32,200 per 10 grams level on Friday. Strength in the dollar, which continued its upmove against a basket of currencies to hit a fresh 3-1/2-month high, kept global gold prices under pressure. A stronger dollar makes bullion more expensive for holders of other currencies, while higher bond yields dampen demand for non-interest yielding bullion.
Here are five things to know about gold prices today:
Domestic gold pricesgold price in Delhi had declinedDomestic silver pricesAlso readShould you invest in gold?Global gold price$1,315.06 an ounce hit in the previous sessionOutlookgold price predictionglobal gold prices to remain range-bound(With agency inputs)
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