Expecting bounce back in gold prices in near term, Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart said, "The fall in the precious metal in the month of June now seems to have stalled, and gold is holding above the $1900 an ounce level in Comex futures. MCX gold has registered a gain of 0.5 percent in the last week, and the prices have been at ₹58500 per ten grams. Silver prices also rose by 0.4 percent to ₹70,300 per kg during the week. Last week, Fed meeting minutes hinted at further interest rate hikes to control inflation, prompting a rise in US benchmark Treasury yields from 3.8 percent to 4 percent."Read more:
