Commodity Superfast: Rates hiked, then why gold shines? Know todays latest rates

A jump in the prices of gold has been recorded on the Multi Commodity Exchange today. MCX gold June futures have been seen trading at Rs 51,228 per 10 grams with a gain of 1.22 percent i.e. Rs 618. At the same time, MCX silver July futures have been seen trading at Rs 63,674 per kg with a gain of 2.51 percent i.e. Rs 1560. Gold rose as the dollar declined after the Fed raised rates. Bond yields have also weakened, falling below 3%, and the rate is unlikely to increase by 75 basis points. There is a possibility of increasing the rates only by 0.5% in the future.