Gold rate today: Yellow metal continues to gain; silver nears Rs 59,000

Gold is seen as an inflation hedge, although higher short-term US interest rates and bond yields raise the opportunity cost of holding bullion, which yields no interest. A firm US dollar makes gold less attractive for buyers holding other currencies.

Gold rate today: Yellow metal continues to gain; silver nears Rs 59,000
Gold is seen as an inflation hedge, although higher short-term US interest rates and bond yields raise the opportunity cost of holding bullion, which yields no interest. A firm US dollar makes gold less attractive for buyers holding other currencies.