Gold prices in India moved higher today amid firmness in global rates. On MCX, June gold futures were up 0.6% to ₹47,331 per 10 gram, extending the previous session's ₹435 gain.
Gold prices in India have moved higher in five out of six sessions, in tandem with a global rally in the precious metal. Silver futures on MCX also edged higher, rising 1.17% to ₹49,390 per kg.
Earlier this week, gold had hit a record high of ₹47,980 per 10 gram. Rupee's depreciation also helped support domestic gold prices.
Gold prices in India include 12.5% import duty and 3% GST. In global markets, gold prices moved higher today as the risk-on rally over optimism about a potential vaccine for the coronavirus fizzled out.