Gold price today: Gold became the cheapest in two months, know today’s latest price

Gold price today: On MCX at 2.20 pm, the gold for delivery in February was trading down by Rs 81 at Rs 47370 per ten grams.

The effect of the federal decision is visible.

Gold price today: The pressure on gold is increasing due to the increase in the interest rate on the American bond yield. Today, gold for delivery on MCX reached the lowest level of 2 months. Actually, the US Federal Reserve is doing bond tapering. Economic experts believe that the Fed may increase interest ahead of time. Due to this, the strength of the dollar is being seen. The 10-year US bond yield is currently at the highest level since March 2021.

On MCX, gold for delivery in February at 2.20 pm was down by Rs 81 to trade at Rs 47370 per ten grams. Gold for April delivery was currently trading at Rs 47534 per ten grams with a fall of Rs 42. Gold is currently in the green mark in the international market and it was trading at the level of $ 1780.

Silver continues to fall

Apart from gold, there is also a decline in silver. On MCX, silver for delivery in March was trading at Rs 60236 per kg with a fall of Rs 190. Silver for May delivery was trading at Rs 60900 per kg with a fall of Rs 226. In the international market, silver was trading at a level of $ 22.23 an ounce with a fall.

Bond yields and dollar index fall today

The 10-year US bond yield was currently down 0.57 per cent at 1.723 per cent. There is also pressure on the dollar index at this time. It was down by 0.18 percent at the level of 96.150 points. This index shows the strength of the dollar against the world’s six major currencies.