Gold price declined in Indian markets on Thursday, showing weakness in international trends amid increasing US bond yields.

On the Multi Commodity Exchange ( MCX), gold April futures have been trading Rs 87 or down at Rs 44,861 per 10 grams. While silver May futures have been observed ruling at Rs 67,497 per kg, down Rs 503 or .74 per cent.

MCX gold has been falling due to increasing ten-year bond yield which is at the moment at 1.45 per cent. US Dollar index, which is above 91, has also been hurting investor sentiment. On a week-on-week basis, the yellow metal has tumbled roughly 2 per cent.

Following powerful gains in 2020, increasing 28.23 per cent in MCX, the yellow metal has been reeling below stress amid volatile equity markets and increasing bond yields. From a record higher of Rs 56,191 per 10 grams in August 2020, MCX gold has tumbled Rs 11,330 or 20.16 per cent. While on a year-to-date basis, gold has plunged Rs 5,417 or 10.78 per cent.

TCS Debuts a People-Centric Solution for COVID Testing and Vaccine Management

HDFC cuts home loan rate to 6.75 pc following SBI, Kotak slash

Wipro joins WEF initiative to advance racial justice and social equality