Gold prices have fallen in major Indian cities as investors wait for the US Federal Reserve’s policy decision. On Saturday, gold prices dropped by ₹1,570 per 10 grams, with global gold prices falling more than 1%. This was due to expectations that the US Federal Reserve might not adopt a dovish approach. The rise in US bond yields also affected gold’s appeal.
In early Asian trade, spot gold was slightly up, trading at $2,652 an ounce.
Gold Prices in Major Indian Cities (Dec 16, 2024):
Silver Prices in Major Cities: Silver prices also fell by ₹100 to ₹92,400 per kg due to weak local demand. The metal had a sharp decline of ₹4,100 per kg on Saturday as stronger US dollar and bond yields hurt silver’s appeal.
Silver Prices Today (Dec 16, 2024):
Weekly Comparison: Gold and silver prices have both dropped this week, as investors are cautious before the US Fed’s upcoming policy decision.
Price Comparison (Dec 10-16, 2024):
#GoldPrices #SilverPrices #MaharashtraGold #IndianGoldPrices #FedPolicy #GoldMarket #SilverMarket
Florida’s food scene is heating up! This year, five restaurants in the state earned new…
The iconic SS United States, once the fastest transatlantic ocean liner, is set to start…
Tensions between India and Pakistan are rising again after a deadly attack in Kashmir earlier…
Former US President Donald Trump has accused the previous Joe Biden administration of interfering in…
Royal Challengers Bengaluru (RCB) will take on Rajasthan Royals (RR) today at the M. Chinnaswamy…
A new investigation reveals that five terrorists were behind the Pahalgam attack in Kashmir’s Baisaran…