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Gold and Silver Prices Tumble on Weak Global Trends

Gold Prices Fall by Rs 295 per 10 gm, Silver Tumbles Rs 640 per kg Amid Weak Global Trends

prices in India fell by Rs 295 to Rs 55,700 per 10 gms on March 3, 2023, due to weak global trends. Meanwhile, silver tumbled by Rs 640 to Rs 64,380 per kg on the same day. The fall in gold prices was attributed to a strong dollar and higher bond yields in the United States, which dampened demand for the precious metal. Additionally, investors were cautiously watching the US Federal Reserve's decision on interest rates. Meanwhile, silver prices were impacted by a rise in the dollar index, which made the metal more expensive for buyers using other currencies. Experts predict that gold prices may remain volatile in the short term, while silver may continue to trade in a bearish zone.

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