As the U.S. dollar strengthened on Friday, February 28, the price of gold fell sharply on the domestic market. Despite investors patiently awaiting a significant inflation report, gold rates are anticipated to trade down due to pressure from a stronger U.S. dollar and rising Treasury yields, as well as President Donald Trump’s trade policy and new tariff threats. Market players will be eagerly monitoring the Core PCE Price Index on Friday for more clues into the bullion market amid investors anticipating the publication of the U.S. Personal Consumption Expenditures data on Friday.In India, 24 carat gold costs Rs 8,684 per gramme, 22 carat gold costs Rs 7,960 per gramme, and 18 carat gold costs Rs 6,513 per gramme. In India, the price of 22k of 10 grams of gold dropped by Rs 500 to Rs 79,600 on Friday from Rs 80,100 on Thursday. Meanwhile, the price of 22k of 100 grams of gold dropped by Rs 5,000 to Rs 7,96,000 today from Rs 8,01,000 yesterday.While 24k of 100 grammes of gold would cost Rs 8,68,400 in India today compared to Rs 8,73,800 yesterday, reflecting a price decline of Rs 5,400, 24k of 10 grammes of gold fell to Rs 86,840 on Friday from Rs 87,380 on Thursday, marking a price drop of Rs 540.Read more at: https://www.goodreturns.in/news/gold-price-in-india-today-28-feb-22k-24k-100-gms-of-gold-drops-over-rs-5-000-1-kg-silver-falls-1409039.html
