Gold prices in India edged lower today while silver saw some buying at lower levels, reflecting the global trend. On MCX, June gold futures fell 0.35% to ₹43,232 per 10 gram, extending decline to the third day though it has remained in a narrow range.
Silver futures on MCX gained 0.3% to ₹39,925 per kg after crashing over ₹1,000 in the previous session. Still on a quarterly basis, gold has posted strong gains of about ₹4,000 per 10 gram and had reached a new high of about ₹45,000 per 10 gram earlier this month.
In global markets, gold prices edged lower today amid a rally in global equity markets and a stronger dollar. But worries about the economic impact from coronavirus lockdowns provided support to to gold at the lower level.