RJ Market Watch
Gold prices today fall for second time in 3 days
Gold prices in India were lower today as trading resumed in the evening session on the MCX, which was closed in the morning session due to a public holiday. On MCX, June gold futures were down 0.4% to 46,887 per 10 gram, their second decline in three days. Silver futures on MCX declined 0.8% to 47,970 per kg. Gold prices have remained volatile in India since hitting a record high of 47980 per 10 gram earlier this month. India’s currency, debt and equity markets are closed on Monday for a public holiday.
The dollar rose against its key rivals, making gold more expensive for holders of other currencies. European equities gained as optimism over easing of lockdowns and signs of more stimulus for the battered euro zone economy helped sentiment.
However, supporting gold price is global growth worries, loose monetary policy stance of central banks and increased US-China tensions, it added.
Courtesy: live Mint
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