Gold prices in India fell for the second day in a row despite positive global cues. On MCX, June gold futures were down 0.2% to ₹45,722 per 10 gram, after falling 0.70% in the previous session.
Silver prices however edged 0.42% higher to ₹43,475 per kg. In global markets, gold prices were higher, holding above key $1,700 per ounce level.
Despite firmer equities and a stronger dollar, gold held firm on worries about a new wave of coronavirus infections as many countries are gradually reopening their economies.
Spot gold climbed 0.2% to $1,704.26 per ounce. Among other precious metals, platinum rose 0.7% to $770.66 while silver climbed 0.4% to $15.51.