Gold rate today: Yellow metal drops marginally; silver too loses sheen - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 21 September 2022

Gold rate today: Yellow metal drops marginally; silver too loses sheen

Gold is considered an inflation hedge, rising interest rates increase the opportunity cost of holding the non-yielding asset and bolsters the dollar, in which the bullion is priced. Gold prices has retreated from its low after Russia ordered a partial mobilisation to defend its sovereignty, said Ravi Singh, Vice President and Head of Research, ShareIndia

from Commodities-Markets-Economic Times
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