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Gold Rate Today: Gold Extends Rise On Weak US Dollar
The recent surge in gold and silver prices can be attributed to the weaker Dollar Index, which has plummeted to a 15-month low. This decline in the value of the dollar has been spurred by the latest US Consumer Price Index (CPI) report, which revealed a smaller-than-expected increase in inflation. As of the most recent data, inflation stands at 3%, marking its lowest level since March 2021. This decrease in inflation marks the 12th consecutive month of reductions, as noted by Prithviraj Kothari, the Managing Director and CEO of RiddiSiddhi Bullions Limited.
Website- www.prithvirajkothari.com/
Gold Rate Today: Gold Extends Rise On Weak US Dollar
The recent surge in gold and silver prices can be attributed to the weaker Dollar Index, which has plummeted to a 15-month low. This decline in the value of the dollar has been spurred by the latest US Consumer Price Index (CPI) report, which revealed a smaller-than-expected increase in inflation. As of the most recent data, inflation stands at 3%, marking its lowest level since March 2021. This decrease in inflation marks the 12th consecutive month of reductions, as noted by Prithviraj Kothari, the Managing Director and CEO of RiddiSiddhi Bullions Limited.
Website- www.prithvirajkothari.com/