Gold Price Continue To Fall As US Treasury Climbs; Gold Price In India Nears Rs.46000

Gold prices in the week to February 19 in international markets have seen the worst week since November 30 as there has been continuous surge in US Treasury yield. An increase in treasury yield increases the opportunity cost of holding gold. Also, dollar has been seeing a surge and for the week is set for gains. In the last week, jobless claims rose unexpectedly indicating tepid growth even as coronavirus cases saw a dip.

Gold Prices In India Near Rs. 46000 per 10 gm price

In India on Thursday (February 18, 2021), gold prices on the MCX for April contract barely ended near Rs. 46000 per 10 gm mark. And for this month, exports from Switzerland to India have seen a sharp increase.

Gold price outlook

Experts from the field expect gold prices to correct to levels of Rs. 41000 per 10 gm as economic recovery picks up pace and equities gain traction. GoodReturns.in