Gold prices in India edged higher today after a tumble in the previous session. Renewed tension between the US and China hurt the global risk sentiment.
On MCX, June gold futures rose 0.31% to ₹46,530 per 10 gram. In the previous session, gold had tumbled by about ₹700 per 10 gram.
Gold prices had earlier this month hit a record high of ₹47,980 per 10 gram but has been choppy since then. Silver futures on MCX today edged 0.35% lower to ₹47,167 per kg, after a 3.5% or about ₹1,678 slump in the previous session.
In global markets, gold prices edged higher today amid renewed US-China tensions but a strong dollar capped the rise. Gold rose 0.1% to $1,728.19 an ounce.