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Gold prices today fall for first time after rising for five days
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Gold prices in India fell today after a sharp rise in the previous session, continuing their recent volatile movement. On MCX, April gold futures were down 0.75% to ₹41,900 per 10 gram while June futures slipped 0.4% to ₹42,650.
May silver contracts on MCX fell 1.7% to ₹41,003 per kg. April gold futures had surged nearly 2% or ₹800 per 10 gram. After hitting record highs of about ₹45,000 per 10 gram earlier this month, gold prices have seen sharp volatility in India, tracking similar movement in global markets.
In global markets, gold prices fell today as investors again rushed for cash. Asian stock markets were mostly lower today as investors awaited the passage and details of the $2 trillion US stimulus package to combat the economic
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