Gold and silver prices fell in Indian markets on Thursday after a selloff in the previous session. On MCX, gold futures were down 0.35 per cent to ₹52,570 per 10 gram while silver slumped 0.8 per cent. In the global markets, gold extended its losses after it saw a sharp fall in the last session.
Spot gold fell 0.5 per cent to $1982.31 per ounce at 8:59am in Singapore, after dropping 2.9 per cent a day ago. On Tuesday, prices were at $2070.4 an ounce, just $5 short of August 2020’s all-time high. Concerns still remain on bullion and other commodities such as oil and wheat–which are coming off their recent highs.
Complete News Source: Hindustan Times
