Gold prices in India moved higher for the third day in a row, edging closer to record highs. On MCX, June gold futures rose 0.3% to about ₹46,800 per 10 gram.
In the previous session, gold had surged about 1.4%, tracking strong global cues. Last month, gold prices had hit record high of ₹47,327 per 10 gram.
Silver futures on MCX surged ₹615 to ₹44,750 per kg, extending their ₹1,090 gain of the previous session. In global markets, gold prices edge higher amid expectations of more stimulus from governments and central banks.
US-China tensions also boosted the safe-haven appeal of gold. US President Donald Trump is open to negotiations on another possible stimulus bill amid the pandemic, a White House spokeswoman said.