Gold rate today: Yellow metal rises Rs 100 to Rs 48,500 level; silver losses sheen

Gold rate today: Yellow metal rises Rs 100 to Rs 48,500 level; silver losses sheen

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities said, “Gold paused as dollar index bounced back after a brief correction gaining support from expectations that Fed may tighten monetary policy at a faster pace. However, supporting price is a retreat in bond yields from recent highs, inflationary concerns, geopolitical tensions and virus concerns.”

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