Gold rate today: Yellow metal trades marginally lower; silver holds Rs 55,000

The dollar rose 0.2 per cent against its rivals, making greenback-priced bullion more expensive for buyers holding other currencies. The US Fed's meeting is due next week where an interest rates hike of 75 basis points is expected.Gold futures on MCX were trading lower by 0.10 per cent or Rs 51 at Rs 50,324 per 10 grams. However, silver futures plunged 0.23 per cent or Rs 126 to Rs 55,285 per kg.

from Commodities-Markets-Economic Times
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