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Spot gold fell below $4,000 an ounce on Friday after strong US data firmed bets on a December Fed hike. In India 24-carat gold fell Rs 1,690 to about Rs 1,42,600 per 10 grams; Kerala rates fell 1.17%. Gold is on course for a monthly loss of about 3.5%.
Silver fell below Rs 1.95 lakh a kilogram on Tuesday and is down about 17% in a month, from Rs 2.35 lakh. Gold eased to about Rs 1.43 lakh per 10 grams as investors waited for the US Federal Reserve's decision. Both metals are still well above year-ago levels.
Reyaansh Agarawal4 min
Silver has fallen Rs 16,503 a kg in four trading days to Rs 1,94,415, and gold is down about Rs 4,800 per 10 grams to Rs 1,41,630, by IBJA rates. Higher crude, rising yields and a firmer dollar are being blamed. Dhanteras is on 6 November and Diwali on 8 November.
Subhash Gupta4 min
Gold is cheaper than it was ten days ago but about a fifth dearer than at last Dhanteras. City rates, the ten-day trend, what moves the price and how Dhanteras prices have behaved over the years.
Subhash Gupta4 min
