Gold Nears Rs 1.5 Lakh per 10 Grams as Dollar Softens and Fed Bets Lift Bullion
Gold and silver extended gains on the Multi Commodity Exchange on Thursday, with December gold climbing to Rs 1,49,660 per 10 grams and silver rising to Rs 2,23,888 per kg. The move was supported by a weaker dollar and market expectations that the US Federal Reserve may deliver another rate hike, keeping bullion in focus as investors weigh the next leg of the global rates cycle.
