Gold price today: Gold rate declined on the MCX in early deals on Tuesday, 21 April, due to profit booking amid an uptick in the US dollar, while persisting uncertainty about the proposed US-Iran talks keeps crude oil prices at elevated levels, weighing on gold prices.
MCX gold June futures were 0.07% down at ₹1,53,829 per 10 grams, while MCX silver May contracts were 0.69% down at ₹2,50,801 per kg at 9:10 am.
Gold and silver rates have been highly volatile of late, largely due to the rise in the US dollar driven by a spike in crude oil prices. When oil prices rise, demand for the dollar rises, as oil is largely traded in US dollars. This drives the greenback higher, weighing on gold prices.
(This is a developing story. Please check back for fresh updates.)
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