
The dollar index had reached a five-year top of 103.28, and a further push above 103.82 would see it to levels not visited since late-2002. A stronger dollar makes greenback-priced gold less attractive for other currency holders. Gold futures on MCX dropped 0.39 per cent or Rs 199 to Rs 51,000 per 10 grams. Silver futures were down 0.83 per cent or Rs 540 at Rs 64,750 per kg.
from Commodities-Markets-Economic Times
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