Gold prices fall by Rs 4,750/10 gms after Trump's victory. Where is the bullion market headed?
- Posted on November 14, 2024
- By Business News Today
- 3 Views
Gold prices fall by Rs 4,750/10 gms after Trump's victory. Where is the bullion market headed?
Gold prices have dropped by Rs 4,750 per 10 grams, or 6%, on the MCX since Donald Trump's victory in the U.S. presidential election on November 4. Historically, a stronger U.S. Dollar tends to weigh on gold prices, a trend that has been evident post-election as Trump's win has boosted the Dollar Index (DXY).
