₹47,180 per 10 gram after a two-day decline. Silver futures on MCX rose 0.7% to ₹47,719 per kg. In the previous session, gold had weakened 0.64% while silver fell 0.8% on MCX.
Gold prices in India have remained volatile after hitting a record high of about ₹48,000 last month. Globally also gold has struggled to break above above $1750/ounce.In global markets, gold prices were flat today as the US dollar weakened after Federal Reserve announced it would buy individual corporate bonds in the secondary market.
A rebound in global equity markets also capped gold's upside. Spot gold was flat at $1,725.23 per ounce. Among other precious metals, platinum rose 0.7% to $817.20, while silver fell 0.4% to $17.37.Overnight, the US Federal Reserve.