INSUBCONTINENT EXCLUSIVE:
Gold may remain under pressure for the time being, say analystsGold Price In India: Domestic gold and silver prices fell on Wednesday as
strength in the US dollar made the precious metals more expensive for investors dealing in other currencies
Multi Commodity Exchange (MCX) gold futures (due for expiry on December 5) dropped by Rs 518 - or 1.03 per cent - to Rs 50,008 at the
per cent at Rs 59,870.Those losses were in line with international prices, as Comex gold and silver futures dipped to $1,877.10 per ounce
cent higher, having risen as much as 0.23 per cent earlier on Wednesday.The rupee weakened to as low as 73.56 against the US currency
compared to its previous close of 73.46.Back home, spot gold was at Rs 50,365 per 10 grams on Wednesday, and silver at Rs 59,021 per
most consistent gainers through the six months of coronavirus pandemic-led turmoil in financial markets
(Also Read: Gold "Dream Run" May Continue: Analysts)What Analysts Say"Gold struggled to build the momentum above the $1,920/oz level and we
Gold weakened on back of a rebound in the US dollar index from recent lows
The US dollar edged up as a selloff in equity markets increased its safe-haven appeal
commodity research, Kotak Securities."For the day, gold may remain under pressure as market players react to the abrupt halt in US stimulus
