Gold prices fell today in Indian markets today, tracking a decline in global rates. On MCX, June gold futures fell 0.5% or ₹235 to ₹45,500, extending the previous session's ₹1,600 per 10 gram decline.
After hitting a record high of ₹47,327 in derivatives markets, gold prices in India have come off highs amid some profit-taking.
Silver however edged higher on MCX with May futures edging 0.3% higher to ₹42,940 per kg. In global markets, gold prices dropped today to over one-week low amid a firm dollar.
Investors also remained hopeful that economies will reopen from lockdowns. Spot gold rates fell 0.5% to $1,675.92 per ounce, extending the previous session's 2% slump.
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