Media Gold rate today: Yellow metal drops to 3-1/2-week low as market sell-off hits bullion - The Times of India
 
 

Gold rate today: Yellow metal drops to 3-1/2-week low as market sell-off hits bullion - The Times of India

2025-04-13 17:45:04| Spiritual Career Counseling

Market analysts linked the decrease in gold prices to unfavourable global market conditions. (AI image) Gold prices declined on Monday, reaching their lowest point in over three weeks, as part of a broader market downturn. Investors sold gold holdings to offset losses in other investments, driven by concerns of a potential global recession due to intensifying trade conflicts.Gold futures experienced a slight decrease of Rs 10, reaching Rs 88,065 per 10 grams on Monday, due to subdued spot demand. The June delivery contracts on Multi Commodity Exchange showed a minimal decline of Rs 10 or 0.01 per cent to Rs 88,065 per 10 grams, with a business turnover of 16,515 lots.Market analysts linked the decrease in gold prices to unfavourable global market conditions. Internationally, gold futures in New York registered a decline of 0.55 per cent, settling at USD 3,021.51 per ounce.The precious metal experienced a decline exceeding 3% on Friday, following U.S. President Donald Trump's substantia...


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