Gold rate today: Yellow metal edges higher; silver marches lower to Rs 58,000 on MCX - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Monday, 24 October 2022

Gold rate today: Yellow metal edges higher; silver marches lower to Rs 58,000 on MCX

Gold is considered a hedge against inflation, while higher interest rates increase the opportunity cost of holding zero-yield bullion. Top gold consumer China's economy rebounded at a faster-than-anticipated clip in the third quarter, but a more robust revival in the longer term will be challenged by persistent COVID-19 curbs, a prolonged property slump and global recession risks.

from Commodities-Markets-Economic Times
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