Yellow Metal Slides To One-Month Low, Silver Too Falls

Gold worth immediately: Yellow metallic fell to a one-month low, silver too slid steeply

Gold costs on Thursday fell to a month-long low and stood at Rs 47,799 per 10 grams on the MCX, a lot beneath the Rs 48,000-mark.

Silver additionally witnessed a big fall because the July silver futures traded at Rs 70,332 a kilogram.

In the worldwide market, gold costs slipped by multiple per cent on Wednesday after US Federal Reserve officers had indicated that rate of interest hikes might happen in 2023, which is earlier than anticipated.

After a fall within the earlier session to its lowest since May 6 at $1,803.79 per ounce, spot gold was barely up 0.2 per cent. US gold futures have been down at $1,816.90 per ounce.