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Gold prices today fall for second time in 3 days but silver rates surge

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Gold prices in India remained muted today despite an uptick in global rates. On MCX, August gold futures were down 0.21% to ₹47,007 per 10 gram, their second decline in three days.

But silver continued to march higher on expectations that reopening of economies will spark a revival in industrial demand for the metal.

Silver futures on MCX rose 0.6% to ₹50,409 per kg, adding its ₹1,600 gain on Friday. In global markets, gold prices moved higher today as violent protests in some American cities and deepening US-China rift drove traders towards the safe-haven metal.

Spot gold was up 0.4% at $1,733 per ounce but higher equities forced the precious metal to shed some gains. In the US, protesters have flooded the streets over the death of

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