Gold rate today drops to Rs 50,000 level after Trump crushes stimulus hopes…..Latest News Update By MOONCOMMODITY.COM

Gold and silver prices were trading with cuts in Wednesday’s session, tracking the trend in the international market, as the dollar NSE -2.20 % got a boost after US President Donald Trump halted new stimulus talks.

Gold futures on MCX NSE -0.87 % were down 0.91 per cent or Rs 460 at Rs 50,066 per 10 grams. Silver futures dipped 1.58 per cent or Rs 956 to Rs 59,615 per kg.