Gold rate today: Yellow metal edges lower; silver remains below Rs 58,000

Gold prices rebounded after the Fed's tone towards rate hike changed from hawkish to mildly hawkish and weak US GDP data in the second successive quarter has pulled down the dollar index, said Ravi Singh, Vice President and Head of Research, ShareIndia."The demand for safe-haven assets has revived among investors. Bond yields also fell on softening of the dollar index and weak GDP data," he added.

Gold rate today: Yellow metal edges lower; silver remains below Rs 58,000
Gold prices rebounded after the Fed's tone towards rate hike changed from hawkish to mildly hawkish and weak US GDP data in the second successive quarter has pulled down the dollar index, said Ravi Singh, Vice President and Head of Research, ShareIndia."The demand for safe-haven assets has revived among investors. Bond yields also fell on softening of the dollar index and weak GDP data," he added.