Gold fell near its lowest level in almost a year. The yellow metal also faced pressure from a firm dollar overseas but some downside support emerged as investors clung to the safe haven asset amid rising prices and heightened recession risks. The yellow metal is lingering around $1700 per ounce. Indian demand remains muted amid heavy rainfall across the country and a busy sowing season which traditionally keeps retail buyers away from purchases, particularly in the rural areas. MCX Gold futures ended around Rs 50100 per 10 grams. Powered by Commodity Insights
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