The rates of gold and silver declined in early trade on the MCX on Monday morning (December 8) amid profit booking at higher levels, driven by tepid spot market demand. However, a weaker US dollar and expectations of a rate cut by the US Federal Reserve this week capped the losses for the yellow metal.
(This is a developing story. Please check back for fresh updates.)
Read all market-related news here
Read more stories by Nishant Kumar
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
