INSUBCONTINENT EXCLUSIVE:
Gold Price Today: Yellow metal price fell sharply in domestic markets and also globallyYellow metal prices on Monday fell on the MCX as well
sooner-than-expected interest rate hike, which could increase the opportunity cost of holding non-interest bearing bullion.Also silver
The snap reaction can be attributed to lower trading volumes amid holidays in Japan, Singapore
Weighing on gold price is increased expectations of Fed's monetary tightening post US non-farm payrolls data and some hawkish comments by
ETF outflows also show weaker investor interest amid continuing firmness in equities
However, rising virus cases and increased geopolitical tensions have lent some support
