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Gold prices trading below Rs 50,000 per 10 gram, rates at multi-month low

One of the most important factors influencing the price of gold is the value of the dollar. A strong dollar normally leads to weak gold prices and vice versa. When the US Fed hikes interest rates, gold is negatively impacted because higher interest rates will increase the demand for dollar assets and make the dollar stronger.
New Delhi Tapan Patel Ravindra Rao European Central Bank Head Commodity Research At Kotak Securities Multi Commodity Exchange Of India
Source: india.com

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