Gold rate today: Yellow metal nurses wounds; silver hovers around Rs 57,000

According to Fed meeting minutes, most officials backed raising rates at their next meeting in July by either 50 or 75 basis points to cool down inflation, said ICICIDirect in its note. "At the same time, optimistic sentiments in global markets and rebound in US 10-year treasury yields weighed on bullion prices," it added.

Gold rate today: Yellow metal nurses wounds; silver hovers around Rs 57,000
According to Fed meeting minutes, most officials backed raising rates at their next meeting in July by either 50 or 75 basis points to cool down inflation, said ICICIDirect in its note. "At the same time, optimistic sentiments in global markets and rebound in US 10-year treasury yields weighed on bullion prices," it added.