Gold price today, April 20 -- Gold rate declined by 1% on the MCX in early trade on Monday, 20 April, amid a rise in the US dollar, driven by a spike in crude oil prices amid persisting uncertainties over the proposed talks between the US and Iran.
MCX gold June futures were down 1% at Rs.1,53,030 per 10 grams, while MCX silver May futures were down 1.55% at Rs.2,53,168 per kg around 9:10 am.
In the previous session, the gold June futures contract settled at Rs.1,54,609 per 10 grams, rising 0.95%, and the silver May futures contract settled at Rs.2,58,079 per kilogram, clocking a solid gain of 3.8%.
An elevated dollar, driven by a rise in crude oil prices, triggered profit-taking in gold and silver.
The dollar index rose by nearly 0.3...
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