Gold prices in India fell for the second day in a row, tracking muted global rates. On MCX, June gold futures fell 0.14% to ₹44,880 per 10 gram, extending decline to the second day.
In the previous session, gold futures had declined 0.54%. Tracking gold, silver futures also edged lower today. On MCX, May siler futures fell 0.26% to 43,026.
In global markets, gold prices inched higher but the upside remained capped on hopes that the new coronavirus pandemic is nearing a peak.
Most Asian equity markets were higher today after an overnight rally on Wall Street. On the other hand, a weaker dollar helped support gold prices.