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Gold prices fell from a more than two-month high on Tuesday, as a rebound in the dollar dented the metal's safe-haven appeal, while investors speculated that a swifter than expected U.S. economic recovery might prompt an interest rate hike. Spot gold was down 0.4% at $1,786.10 per ounce by 0702 GMT, after hitting its highest since Feb. 25 at $1,797.75 on Monday. U.S. gold futures fell 0.4% to $1,785.50. "A strong dollar is the primary reason for the slight correction," said Hareesh V., head of commodity research at Geojit Financial Services, adding that sustained strength in the greenback ...

Read more about Precious metals: Gold plunges by Rs 505, silver declines by Rs 828 on Business Standard. Gold prices plunged Rs 46,518 per 10 gram in the national capital

Gold prices were little changed on Tuesday ahead of the U.S. Federal Reserve's meeting, while palladium prices hit a new record high on persistent supply worries. Spot gold was flat at $1,780.90 per ounce by 0957 GMT. U.S. gold futures were little changed at $1,781 per ounce. "Gold is sort of treading water ahead of the Fed meeting," StoneX analyst Rhona O'Connell said. "The mantra of lower for longer in terms of U.S. interest rates is pretty unshakeable. So that would be essentially be supportive for gold. It wouldn't necessarily be outright bullish because that's what the markets expecti...

Gold gained on Monday, as surging COVID-19 cases boosted the metal's safe-haven appeal, aided by a weaker dollar ahead of the U.S. Federal Reserve's meeting this week, while auto-catalyst palladium held below a record peak scaled last week. Spot gold was up 0.1% at $1,778.22 per ounce by 0707 GMT. U.S. gold futures fell 0.1% to $1,775.70 per ounce. "The COVID-19 situation in India and Japan is deteriorating. So that is boiling demand for safety, resulting in higher gold prices," said Margaret Yang, a strategist at DailyFX, adding that an easing dollar is further supporting prices. Cases i...

In the previous trade, the precious metal had closed at Rs 47,057 per 10 gram. Silver also dipped Rs 984 to Rs 67,987 per kg, from Rs 68,971 per kg in the previous trade. The rupee advanced by 24 paise to 74.77 against the US dollar in opening trade on Monday. In the international market, gold was quoting marginally higher at USD 1,779 per ounce and silver was flat at USD 26.02 per ounce. "Gold prices were supported by weaker dollar and pandemic worries," said HDFC Securities Senior Analyst (Commodities) Tapan Patel. (Only the headline and picture of this report may have been reworked by...