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Gold prices today fall for the third time in 4 days

India economy crisis Coronavirus
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Gold prices in India edged lower today, bucking a rise in global rates. On MCX, June gold futures fell 0.25% to ₹46,416 per 10 gram, their third fall in four days.

In the previous session, gold had risen 0.27%. Silver rates also edged lower, with July futures on MCX declining 0.2% to ₹48,310 per kg, following a 1.2% surge in the previous session.

Gold prices in India include 12.5% import duty and 3% GST. Earlier this month, gold rates in India had hit a record high of ₹47,980 per 10 gram and since then have remained volatile.

Jewellery shops have reopened in some parts of the country, news agencies reported, after being shut for nearly two months. Coronavirus crisis and high prices are likely to hurt demand.

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United States
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Brazil
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Deaths: 608 235
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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