From Deccan Chronicle
Center Owned by Deccan Chronicle HoldingsGold Falls 3% in Last Week of October Amid Global Market Volatility
What's behind this
Gold fell about 3% in the last week of October, with international bullion pressured by a firmer US dollar, inflation concerns and expectations of higher US interest rates, according to Aetram India Research. The decline was noted as the market entered a volatile phase. In India, price updates for gold and silver were released on 3 November for investors ahead of Dhanteras and Diwali, listing retail rates for 18K, 22K, 24K gold and 999 fine silver across major cities such as Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata and Mumbai.
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Firmer US dollar, inflation concerns and expectations of higher interest rates weigh on bullion, says Aetram India Research.
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Firmer US dollar, inflation concerns and expectations of higher interest rates weigh on bullion, says Aetram India Research.
