Rising US treasury yields pulled GoldGold yet again dropped near eight month low as a firm US dollar index weighed on the commodity. Not much of buying support is emerging in the metal as Covid-19 vaccinations continue globally. The US dollar index hit around one month high of 91.40 and is holding around 91 level today, keeping a tab on commodities. COMEX GoldGold closed at Rs 44971 per 10 grams, down around 1.30% on the day. The counter fell sharply in intraday moves, testing around Rs 44560 per 10 grams as the Indian Rupee saw a massive spurt on continued support from overseas investors for local financial assets. INR edged up near 72.70 per US dollar in intraday moves as a rally from a two month low against the US dollar extended.
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