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Gold price today: Yellow metal gains on US Fed stance; Silver May futures up over 1%

Sumary of Gold price today: Yellow metal gains on US Fed stance; Silver May futures up over 1%:

  • Reuters India Gold MCX April futures contract price is inching higher on March 18 following the positive trend in the international spot prices after the US Fed kept the interest rate unchanged and assured markets on the stance to keep benchmark rates near-zero through at least 2023…
  • On the Multi-Commodity Exchange (MCX), April gold contracts were trading higher by 0.74 percent at Rs 45,170 for 10 grams at 0920 hours…
  • Gold April futures contract settled at $1727.20 per troy ounce, and Silver May futures contract settled at $26.06 per troy ounce…
  • Both precious metals settled on a slightly positive note in the domestic markets in the previous trading session…
  • bond yields reached 13 months high on Wednesday and test 1.67% restricted gains in the precious metals, data from Prithvi Finmart showed…
  • Federal Reserve accommodative stance on monetary policy and inflation concerns could support precious metal prices in the short term….

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