Gold under pressure on firm US dollar and treasury yields: Should you buy, sell or hold today? - Qoneqt
seach-icon
  • user-img

    Vikshita Vitthal Gujaran in News

    19-May-2023 02:49 PM


    thumbnail

    Gold under pressure on firm US dollar and treasury yields: Should you buy, sell or hold today?

    Gold and silver prices edged lower on Thursday, May 18. On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 60,153 per 10 grams, after recording a fall of 0.06 percent. Silver futures were trading at Rs 72,557 per kg, after witnessing a dip of 0.21 percent.

    Globally, gold prices steadied as the dollar pulled back slightly from a seven-week peak. Spot gold held its ground at $1,983.79 per ounce by 0249 GMT. US gold futures steadied at $1,986.60 per ounce, according to news agency Reuters.

    Source - CNBC