Gold prices in Indian edged higher today, in tandem with an advance in global markets. On MCX, gold futures rose 0.25% to ₹46,124 per 10 gram, after rates fell over ₹1,100 in two sessions.
Silver rates were flat at ₹48,452 per kg. Silver had slumped over ₹2,000 per kg in previous two sessions. India imports most of its gold requirement and domestic prices include 12.5% import duty and 3% GST.
In global markets, gold prices moved higher but remained near their lowest in over a week as equities extended their gains on reopening of economies.
Spot gold rose 0.4% to $1,703.67 per ounce. Among other precious metals, platinum rose 0.7% to $831.58, while silver was down 0.4% to $17.59.