₹47,082 per 10 gram after a ₹800 rally in the previous session. Silver futures on MCX tumbled ₹850 today to ₹47,805 per kg. In the previous session, silver had rallied over 1%.
In global markets, gold prices were flat today as a stronger US dollar offset rising safe-haven demand amid gloomy economic projections and renewed fears over a second wave in coronavirus cases.
Spot gold was flat at $1,727.24 per ounce while silver was down 0.4% to $17.64, and platinum rose 0.2% to $812.37.The dollar index inched up 0.1% to 96.835, making gold more expensive for holders of other currencies.
The dollar index, which measures greenback against a basket of six other currencies, rose 0.8% in the previous session.Indicative of the risk-averse sentiment,.
Read more on livemint.com