Gold prices in India inched higher today, extending gains to the third day. On MCX, June gold futures were up 0.2% to ₹46,511 per 10 gram.
In the previous two sessions, gold prices had rallied about ₹1,300 per 10 gram. Domestic gold prices have remained choppy after hitting a record high of above ₹47,000 per 10 gram last week, tracking volatile movement in global markets.
May silver futures also inched 0.4% higher to ₹41,960 per kg. Akshaya Tritiya, which is considered to be auspicious for purchasing gold or other precious metals, will be celebrated on Sunday. "However, the sentiment this year will be different as the entire country is under lockdown due to the outbreak of coronavirus.