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Gold rate falls over 1% on MCX as a stronger dollar amid US Fed rate hike expectations spurs profit booking

As reported by mint - markets
MCX gold August futures were 1.05% down at ₹1,46,566 per 10 grams, while MCX silver July futures were 2.85% down at ₹2,27,622 per kg around 9:10 am.
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Gold and silver prices witnessed a significant fall on the Multi Commodity Exchange (MCX) today. MCX gold August futures dropped 1.05% to ₹1,46,566 per 10 grams, while MCX silver July futures declined 2.85% to ₹2,27,622 per kg. This downturn is attributed to a stronger US dollar…

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