Gold prices in India today spike to near 9-month high, silver up ₹1500
Gold prices spiked in India today while silver rallied, supported by a falling dollar index. On MCX, gold prices rose 0.9 percent to near a nine-month high. $54,745 per 10g while silver increased by 2.3% to $69,065 a kilogram. The dollar index fell to 103.66 today after an unexpected policy adjustment by the Bank of Japan. The yen strengthened as the Bank of Japan said it would let benchmark bond yields rise further. Spot gold rose 1.1% to $1,806.34 an ounce while spot silver rose 3.3% to $23.71 an ounce.