Gold rate today plunges, marking a seven-month low in both domestic and global markets. Read More>>
MCX Gold futures for Dec 2023 open low at ₹57,426 per 10 gm, registering a 1.50% drop from Friday's close.
Global gold price logs a 0.35% intraday loss, currently at $1,815 per ounce levels.
Silver rate starts lower at ₹69,255 per kg, hitting an intraday low of ₹65,666 within minutes of market opening.
MCX Silver price now at ₹67,210, down 3.79% from Friday's close, marking a significant 3.90% decrease.
Strengthening the US dollar, at an 11-month high, has led to sharp corrections in gold and silver prices.
Rising bond yields and a robust dollar index could have impacted the sentiment, affecting gold and silver prices.