Gold rate today: Why are prices rising after a sharp fall and should you buy?
India Today
The gold rate today is around Rs 1.5 lakh per 10 grams for 24-carat gold, while 22-carat gold is near Rs 1.4 lakh, with prices edging higher after recent losses. Silver is also seeing a slight uptick after a volatile phase.
Gold prices in India are seeing a mild recovery today after a sharp fall in recent sessions, leaving buyers wondering whether this is the start of a rebound or just a temporary bounce.
The gold rate today is around Rs 1.5 lakh per 10 grams for 24-carat gold, while 22-carat gold is near Rs 1.4 lakh, with prices edging higher after recent losses. Silver is also seeing a slight uptick after a volatile phase.
But this isn’t a straightforward rally.
The recent drop in gold prices came despite rising geopolitical tensions in West Asia, which would normally support safe-haven demand.
This time, however, a strong US dollar has dominated the trend. With the US Federal Reserve signalling that interest rates may stay higher for longer, global investors have been moving money into the dollar instead of gold.
At the same time, rising bond yields have reduced the appeal of gold, which does not offer returns like interest-bearing assets. This combination pushed global prices lower over the past few sessions.
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