Gold prices in India edged lower today, their first decline in three days. On MCX, June gold futures fell 0.5% to ₹46,900 per 10 gram.
Silver futures on MCX slumped 1.6% to ₹48,255 per kg. Last week, gold rates had hit a new high of ₹47,980 in tandem with a global rally in the precious metal amid increasing US-China tensions and expectations of further stimulus from central banks.
In global markets, gold prices eased today but the losses were capped amid US-China tensions. The US Senate passed a bill that could bar some Chinese companies from listing on American exchanges.
Spot gold slipped 0.2% to $1,745.32 per ounce. Among other precious metals, silver eased 0.4% to $17.44 and platinum dipped 0.1% to $849.74.