Gold rate today: Yellow metal drops marginally; silver too loses sheen

Gold is considered an inflation hedge, rising interest rates increase the opportunity cost of holding the non-yielding asset and bolsters the dollar, in which the bullion is priced. Gold prices has retreated from its low after Russia ordered a partial mobilisation to defend its sovereignty, said Ravi Singh, Vice President and Head of Research, ShareIndia

Gold rate today: Yellow metal drops marginally; silver too loses sheen
Gold is considered an inflation hedge, rising interest rates increase the opportunity cost of holding the non-yielding asset and bolsters the dollar, in which the bullion is priced. Gold prices has retreated from its low after Russia ordered a partial mobilisation to defend its sovereignty, said Ravi Singh, Vice President and Head of Research, ShareIndia