iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Gold gains marginally amid slight weakness in US dollar

20 Jun 2022 , 04:30 PM

Gold is up in Asia on Monday after a pull back last week from its highest levels in more than a month. Slight weakness in the US dollar is limiting downside on the yellow metal that is holding at $1845.15 an ounce. The dollar index surged to a fresh two-decade high of 105.79 last week and is currently quoting at 104.50. Meanwhile, US treasury yields which are sharply lower near 3.2% following Federal Reserves massive 75 bps rate hike on Wednesday could drag down the dollar in turn favouring appeal for the safe haven commodity. Indias Gold imports came in at Rs 46591 crores in May 2022, jumping 838% compared to May 2021. Gold imports in April-May FY23 rose by 16% compared to same period in previous fiscal. Silver imports came in at Rs 3450 crore in May 2022, up by 2960% compared to May 2021. Silver imports in April-May FY23 surged around 2000% compared to same period in last fiscal.Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.