Gold prices in India remained choppy through out the week and ended moderately higher on Friday. June gold futures on MCX rose 0.27% to ₹46,530 per 10 gram.
However, silver prices surged on Friday with July futures on MCX rising 3.27% or ₹1,538 to ₹50,096 per kg, tracking a surge in global rates.
Domestic gold prices include 12.5% import tax and 3% GST. In India, gold demand remained muted this week due to high local prices while while most jewellery shops remained shuttered due to the coronavirus lockdown.
The Home Ministry has announced a phased exit from lockdown from tomorrow though some states have extended the lockdown with some relaxations.
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