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Market move▼ Bearish for Senco Gold
Gold, silver prices today: What is driving bullion after Monday’s sharp sell-off
The brief
- Gold and silver prices fell amid rising US Treasury yields, a stronger dollar, and inflation concerns
- COMEX gold was at $4,167.50/ounce
- Lower bullion prices may pressure gold-loan lenders and jewellery companies, including Senco Gold
- How Are Jewellery Stocks Performing? Kalyan Jewellers, Senco, PC Jeweller, Thangamayil Fall Up To 5%
Gold and silver sell-off
On 28 September, MCX October gold fell 2.42% and silver dropped 3.5%, amid higher US Treasury yields, a stronger dollar and elevated crude oil prices. The next report cited inflation concerns alongside rising yields and a stronger dollar.
Tuesday, 29 September
- Gold, silver prices today: What is driving bullion after Monday’s sharp sell-off