Gold rate today: Yellow metal slips to clutch Rs 53,000 on MCX; silver declines sharply - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Sunday, 27 November 2022

Gold rate today: Yellow metal slips to clutch Rs 53,000 on MCX; silver declines sharply

Gold is seen as a hedge against inflation, which rising rates aim to tackle, thereby diminishing the metal's appeal. Higher interest rates also make other assets more attractive compared with non-interest-bearing bullion.

from Commodities-Markets-Economic Times
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