₹48,098 per 10 gram, after declining 0.2% in the previous session. Gold rates had hit a record high of ₹48,589 per 10 gram in the previous session but could not sustain the gains.
Silver rates today also edged lower. Silver futures on MCX dipped 0.14% to ₹47,721 per 10 gram, following a nearly 2% plunge in the previous session.
In global markets, gold rates moved higher today on worries that rising coronavirus cases across the world could hurt the prospects of a swift global economic recovery.
Spot gold rates were up 0.2% at $1,764.20 per ounce. In the previous session, they had hit a near eight-year high of $1,779.06.