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Meanwhile, silver opened at Rs 71,885 per kg and hit an intraday low of Rs 71,590 on the MCX. The price hovered around $22.78 per troy ounce in the international market.
The Chinese central bank’s decision to keep rates unchanged is being seen as a reflection of the cautious approach central banks around the world are taking
The dollar index rose nearly 1% to a more than one-month high, while yields on the benchmark U.S. 10-year Treasury notes also gained, hovering around the 4% mark
However, geopolitical uncertainty has increased once again with the US and UK launching strikes against Houthi rebels in Yemen, raising the risk premium for bullions