Gold dips 136 pc this week over stable dollar Fed rate hike expectation

New Delhi May 30 IANS Gold prices dipped 136 per cent during the week as a stable dollar and strongerthanexpected US inflation data reinforced expectations that the US Federal Reserve may raise interest rates later this yearnbspOn Friday MCX gold June futures dipped 059 per cent while MCX silver May futures lost 094 per cent Currently gold futures stand at Rs 156000 while silver futures at Rs 267000 per kgThe price of 10 grams of 24carat gold was at Rs 156463 on Friday down from Rs 158622 seen o