PreciousMetals / GNews Precious Metals Watch

Gold Futures Fall ₹2,308 As Crude Oil Surge And Dollar Strength Weigh On Precious Metal

Gold futures on MCX fell ₹2,308 to ₹1.43 lakh per 10 grams on Wednesday as rising crude oil prices amid West Asia tensions boosted the US dollar and reduced demand for precious metals. Traders said inflation concerns, higher interest rate expectations and profit-booking also weighed on gold prices.