Gold prices in India edged higher today after a sharp fall in the previous session. On MCX, June gold futures prices edged 0.35% to ₹45,700 per 10 gram, after a ₹566 decline in the previous session.
Gold prices had fallen in the past three sessions, tracking a fall in the global markets. Silver futures on MCX rose 0.5% to ₹42,570 per kg.
Earlier this month gold prices in India had hit a record high above ₹47,000 per 10 gram and since then rates have remained volatile. "MCX gold opened positive on after Fed spoke of lower growth fears in second quarter.
Fed chair also spoke of jobless in the coming days to increase. The dollar nursed losses after the Fed left the door open to more monetary easing and dampened expectations for a quick