On the first trading day of the week, i.e. on Monday, there is a fall in gold price today. In fact, gold has been found to be weak for the sixth day in a row due to the strengthening of U.S. bond yields and the U.S. dollar. Today i.e. on Monday, the Price of June Futures Gold (GOLD) on the Multi Commodity Exchange (MCX) is trading 0.44 per cent per 10 grams down. Along with this, silver is also rolled like gold. In fact, the price of Silver futures on MCX has slipped 1.23 per cent per kg.
In the last six days, the price of gold has fallen by Rs 1,600 per 10 grams. The price of gold in the international markets has come down to a nearly two-week low. Yes, and spot gold fell 0.1 per cent to $1,928.08 an ounce, the lowest level since April 7. At the same time, the dollar index reached the level of 101.265, the trend of gold has decreased. Among other precious metals, spot silver fell 0.2 per cent to $24.10 an ounce. On Monday, the price of June futures gold fell by Rs 231, or 0.44 per cent, to Rs 52,030 per 10 grams on the Multi Commodity Exchange. At the same time, the price of gold in the international market has also fallen.
In fact, the price of May futures silver slipped by Rs 819, or 123 per cent, to Rs 65,727 per kg. At the same time, according to the experts, the announcement of the policy rate increase by the US Federal Reserve has strengthened the dollar and bond yields. However, the rise in global inflation due to the Russia-Ukraine crisis and the slowing down of the economic growth outlook support the precious metal from the lower levels.
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