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Gold Prices Continue to Dive in India
The gold prices continued to drop in India despite being firm in the bullion markets.
Asadulla N
The markets await to see the minutes of the U.S. Federal Reserve’s latest policy meeting as this will offer some cues on further interest rate hikes.
The Fed announced a 75-basis point rate hike four consecutive times in 2022 to curtail the growing inflation rates.
The ornamental metals rates become dull on rising U.S. interest rates as it acts as a hedge against inflation.
The ornamental metals rates become dull on rising U.S. interest rates as it acts as a hedge against inflation.
The gold prices in India will depend on the trending rates in the bullion markets.
Gold Rate Today for 22 Carat of 10 grams as on November 23, 2022, in top metro cities in India stands at:
New Delhi Rs 48,400
Kolkata Rs 48,250
Mumbai Rs 48,250
Chennai Rs 48,850
Bangalore Rs 48,300
Hyderabad Rs 48,250
Kerala Rs 48,250
TO CHECK UPDATED GOLD PRICES IN MAJOR CITIES IN INDIA, FOLLOW BELOW LINK.
GOODRETURNS.IN