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Center-Right Owned by HT Media Ltd.US midterms impact on gold, silver ETFs: Why bullion is rallying after Trump's setback
What's behind this
Jewellers anticipate that a fall in gold prices will boost sales of Dhantera jewellery, with coins and bars expected to lead the market as investors and gift‑givers show interest, according to stakeholders. The decline in gold prices comes as the Indian wedding season starts, offering buyers a chance to purchase jewellery. As of October 21, 24‑karat gold was priced at Rs 1,46,270 per 10 grams and 22‑karat gold at Rs 1,34,081 for the same weight, according to a bullion website.
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RSS excerpt
Gold and silver ETFs rallied after the Democrats' US midterm election victory weakened Trump's political position. A softer US dollar, falling bond yields and geopolitical uncertainty supported bullion prices. Here's what drove the rally and what investors should watch.
