Gold prices fell

Market experts said that gold continued to decline on Friday due to rising US Treasury yields and improvement in the dollar index. According to MPC minutes, Reserve Bank Governor Shaktikanta Das said that the current policy rate of 6.5 percent is broadly balanced and any justification for easing the policy at this time may be illusory.

Gold of 99.9 percent purity was trading at Rs 74,150 per 10 grams in the previous session. Silver was at Rs 87,200 per kg on the previous day. Meanwhile, gold of 99.5 percent purity also declined by Rs 350 to Rs 73,450 per 10 grams, which was at Rs 73,800 per 10 grams on Thursday.

Market experts said that gold continued to decline on Friday due to rising US Treasury yields and improvement in the dollar index. The minutes of the last Monetary Policy Committee (MPC) meeting released by the RBI on Thursday also affected the prices of precious metals.