After a two-day downtrend, gold prices in India edged marginally higher today, tracking similar movement in global markets.
On MCX, June gold futures were up 0.28% to ₹45,911 per 10 gram while July silver futures rose 0.23% to ₹43,328 per kg. In global markets, gold prices were flat today after a two-day fall.
Fears of a of a new wave of coronavirus infections in many countries as they reopened their economies supported gold despite a stronger US dollar.
Spot gold rates were unchanged at $1,695.75 per ounce. The US dollar was up at a more than two-week high against a basket of six other currencies, making gold costlier for investors holding other currencies.