Gold and silver prices dipped to a near one-month low following Donald Trump's victory in the US presidential election. The dollar index and US bond yields surged, pushing precious metal prices lower. Market analysts predict continued volatility in gold and silver prices, influenced by the upcoming US Fed policy meetings and geopolitical factors.
Gold December futures contracts at MCX opened flat today at Rs 76,369 per 10 gram, which is down by 0.37% or Rs 286 while silver December futures contracts were trading at Rs 90,601/kg, down by 0.24% or Rs 219.
Post the US Election, gold prices fell by Rs 2,100/ 10 grams in the last 2 days while silver prices fell by Rs 4,050/kg in the same period.
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