📌 Key Highlights & Quick Takeaways:
- Further monetary tightening by the US Federal Reserve and indications by policymakers of a possible 50 basis points hike in policy rates in.
- In the international bullion market, the price of gold per ounce dropped by $109 to $3,940.
- Due to the decrease in the global market, the price of gold per tola also decreased by 10 thousand 900 rupees to 4 lakh 16 thousand 536 rupe.
Further monetary tightening by the US Federal Reserve and indications by policymakers of a possible 50 basis points hike in policy rates in December, investors' increased investment in US bonds, and increased global and local gold sales led to a sharp decline in prices.
In the international bullion market, the price of gold per ounce dropped by $109 to $3,940.
Due to the decrease in the global market, the price of gold per tola also decreased by 10 thousand 900 rupees to 4 lakh 16 thousand 536 rupees and the price of gold per ten gram decreased by 9 thousand 345 rupees to 3 lakh 57 thousand 112 rupees.
