Gold prices tumbled more than 3% in volatile trade on Wednesday to a session low at USD 1,724.40 an ounce, putting the precious metal on track for its biggest one-day drop since December 14, as the dollar hit a session high versus the euro.
In 2-1/2 hours of open outcry trading on COMEX, the volumes of gold traded were greater than those seen in the whole of Monday, data from the CME Group showed. Spot gold was down 3% at USD 1,731.70 an ounce at 1556 GMT.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
