Gold, Silver Fall on Fed Rate Hike Concerns
Gold and silver prices opened sharply lower on Wednesday due to concerns over US Federal Reserve rate hikes. On MCX, gold futures dipped 1.51% to Rs 1,50,140 per 10 grams, while silver futures lost nearly 1%. Internationally, spot gold fell 1.8% to an 11-week low of $4,187.59 an ounce amid a firmer dollar. Analysts noted that geopolitical uncertainties and market…
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