Gold prices dropped by Rs 2,900 in 10 days to Rs 71,065 per 10 grams from a peak of Rs 73,958, as investors ignored Middle East tensions. MCX June gold futures edged up by Rs 36, while May silver contracts rose by Rs 172 to Rs 80,850/kg today.
Gold rises but investors stay cautious about ‘hawkish’ Fed tone
Gold prices saw a slight uptick on Tuesday, despite a minor dip in expectations for U.S. interest rate cuts. Investors are cautiously awaiting the Federal