Gold prices slide today as strong macroeconomic data raises hopes of rapid economic recovery

Gold prices slide today as strong macroeconomic data raises hopes of rapid economic recovery

NEW DELHI: Traders recorded profits on gold and silver as improved domestic industrial production raised hopes for a rapid economic recovery, making bullion counters unattractive.

India’s industrial activity increased for the first time in five months, with indicators such as demand for electricity and fuel, rail freight and mobility indices also showing improvement. The United States also…

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