Gold futures sink to 3-month low
India, June 25 -- Gold futures fell Rs 1,834 to hit a three-month low of Rs 1.44 lakh per 10 grams on Wednesday amid a rally in the greenback and growing expectations for elevated US interest rates kept investors away from precious metals.
On the Multi Commodity Exchange, the yellow metal decreased by Rs 1,834, or 1.25 per cent, to Rs 1,44,695 per 10 grams in a business turnover of 9,508 lots.
The precious metal was last seen around these levels on March 23, when it settled at Rs 1,45,069 per 10 grams.
Analysts said domestic markets remained under pressure as traders increasingly priced in a tighter US monetary policy path, boosting the dollar and Treasury bond yields.
"Gold prices fell in the domestic market amid a strengthening in t...
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